# China Regulatory Crackdown

The Twilight of the Gray Zone: Beijing Forced Purge of Offshore Brokerages

Major offshore brokerages including Futu and Tiger Brokers are purging inactive and fraudulent accounts following a massive 2.2 billion yuan regulatory fine and a new two-year crackdown by Chinese authorities. The move signals the end of the 'gray market' for mainland investors accessing international stocks through offshore platforms.