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Futu Holding extends premarket declines to almost 30%, UP Fi...

Futu Holding extends premarket declines to almost 30%, UP Fintech down 22%; PBoC official says competitive brokerages 'illegal'.
Futu Securities plummeted 30% before the market, while Tiger Securities fell 2%. Officials at the Central Bank of China criticized cross-border brokerage firms as illegal.
$Futu Holdings Ltd (FUTU.US)$
$UP Fintech (TIGR.US)$
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  • Moomoo Lily : Futu Singapore Pte. Ltd. (Futu Securities (Singapore)), as a licensed brokerage firm in Singapore, has been exhibiting under the supervision of the Monetary Authority of Singapore (MAS) since its establishment, and customer assets and information are strictly regulated and protected. Currently, licensed brokerage firms in Singapore basically provide services through the Internet (such as mobile apps). Whether online services such as apps or offline services are provided through securities brokers, it does not change the nature of licensed brokerage firms. They are engaged in securities brokerage services, and they also need to comply with the relevant regulatory requirements of MAS. In this regard, Futu Securities (Singapore) does not differ from its peers with other licensed brokerage firms in Singapore.

  • 知道賣股票的才是師傅 Moomoo Lily : Different entity chill guys

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