# Cross-border Trading
Latest news and articles about Cross-border Trading
Total: 3 articles found
Beijing’s Regulatory Hammer: The 30% Collapse of Futu and Tiger Brokers
Futu Holdings and Tiger Brokers saw their shares tumble by more than 30% at the US market open following penalties from the CSRC. The regulatory crackdown targets illegal cross-border trading, emphasizing Beijing's commitment to capital controls and financial oversight.
Beijing Slams the Door on Offshore Trading in Sweeping Multi-Agency Crackdown
China’s CSRC and seven other departments have launched a 2-year crackdown to eliminate illegal cross-border trading services. The move effectively forces the closure of offshore brokerage apps in the mainland and limits existing users to 'sell-only' transactions as Beijing tightens its grip on capital outflows.
Beijing Closes the ‘Gray Market’: China Launches Final Purge of Offshore Brokers
China has initiated a two-year comprehensive cleanup of illegal cross-border brokerage activities, specifically penalizing Tiger Brokers, Futu, and Longbridge. The move involves eight government departments and mandates a 'sell-only' transition for existing mainland clients before a total service shutdown.