# Cross-border Securities
Latest news and articles about Cross-border Securities
Total: 3 articles found
The Great Firewall Closes on Global Trading: Beijing’s Final Strike Against Offshore Brokers
China has initiated its largest-ever crackdown on cross-border digital brokers, imposing massive fines on Futu and Tiger Brokers while forcing a total halt on mainland trading activities. This coordinated action between Beijing and Hong Kong regulators signals the definitive end of the gray-market era for offshore retail investing.
The End of Arbitrage: China’s Cross-Border Brokers Face a $300 Million Day of Reckoning
Chinese regulators have imposed over 2.1 billion RMB in fines on Futu, Tiger Brokers, and Longbridge for illegal mainland operations, effectively ending the cross-border brokerage boom. The firms now face a two-year window to phase out mainland business and must pivot entirely to international markets to ensure survival.
Beijing Slaps Offshore Brokers with Heavy Fines as Cross-Border Trading Crackdown Enters Final Phase
China's CSRC has imposed a landmark 1.85 billion yuan fine on Futu Holdings and sanctioned Tiger Brokers and LongBridge for illegal cross-border operations. This enforcement marks the start of a two-year cleanup aimed at forcing offshore brokers to fully exit the mainland Chinese retail market.