# Futu Holdings
Latest news and articles about Futu Holdings
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.
Closing the Backdoor: Beijing Sets a Two-Year Countdown for Offshore Brokerages
China has finalized a two-year phase-out plan for offshore brokerage services like Futu and Tiger Brokers, restricting mainland investors to selling only. The plan involves eight government departments and aims to transition retail investors into state-approved channels while purging the internet of trading tutorials and marketing for offshore platforms.
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.