$UP Fintech (TIGR.US)$ Chinese, Hong Kong, and US stock brok...
$UP Fintech(TIGR.US$ Chinese, Hong Kong, and US stock brokers listed in the US are likely to face huge fines, delisting and returning to Hong Kong, or business spin-off.
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Duskerdawn : Erm please state your source of information. Cos I don't see anything about them being fined nor being asked to delist.
Elephant In The Room : It's baffling. Both Brokerages are not even registered in China, how on earth the Chinese Authority is going to deregister them? These Brokerages are unlike Didi (which suffered punitive actions from the Chinese Authority) - they don't operate in China.
Duskerdawn : Doesn't say delisting.
Fines at the moment is unlikely as the regulation is only in the process of being built up.
Plus honestly the bulk of Futu's customers are not in China. And the growth is largely outside China. I don't see the issue being as big for futu.
J_666OP Duskerdawn: It’s Just a possibility for all chinEse stock listed in US!
J_666OP Elephant In The Room: U r not Chinese , this is obvious.
Duskerdawn : Wtf, I am Chinese... Anyway it doesn't matter what you or I think.