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A Chinese Banker’s opinion on overseas license operating in China

$Futu Holdings Ltd (FUTU.US)$ a Chinese banker commented Futu would be breaching the law because Futu holds mainly overseas license whilst operating in China.
$Futu Holdings Ltd (FUTU.US)$ Futu could you comment?
https://finance.yahoo.com/news/china-warns-unlicensed-online-brokerages-041502111.html
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