$Futu Holdings Ltd (FUTU.US)$ Worst case Futu can temporaril...
$Futu Holdings Ltd(FUTU.US$ Worst case Futu can temporarily suspend Mainland users from trading non Mainland markets until they get the license. But 80% of Futu users is in mainland? 🤔
https://www.reuters.com/world/china/china-warns-unlicensed-online-brokerages-they-are-breaking-law-2021-10-28/
https://www.reuters.com/world/china/china-warns-unlicensed-online-brokerages-they-are-breaking-law-2021-10-28/
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I am a day trader. Speculate high quality stocks of the day.
118Followers
26Following
499Visitors
Follow
KongWeePeh : The same kind rumor reuters did in 15th Oct.
LKK88 OP KongWeePeh : Did Futu come out and dismiss the rumor?
XIVtradez LKK88 OP : Apparently there’s a piece of news on CNA also on this. & there was a statement saying Futu believes that it does not engage in securities brokerage business in China if it is redirecting users and clients to open accounts and make transactions outside China. But it also said that Futu said there were regulatory risks. Don’t get me wrong I’m also a supporter of Futu but that statement at the end gave me some major heartache. Still holding though.