$UP Fintech (TIGR.US)$ The Chinese Authority key concern is ...

$UP Fintech (TIGR.US)$ The Chinese Authority key concern is capital outflows. They had crushed schemes such as: buying insurance policies or tawdry plastic watches with credit cards in HK or Macau. Unless the two Brokerages come with policies that the proceeds of all Chinese investors shall return to China, otherwise, they won't get the "driving licences" to enjoy the 80% or 55% funding from the Chinese investors. The 2 big shareholders (tencent for moomoo & xiaomi for TIGR) may have to toe the line.