$Alibaba (BABA.US)$ Where did the happy young man go?

$Block (SQ.US)$ Everyone is avoiding financial report risks. They said. $Visa (V.US)$And $MasterCard (MA.US)$If they have a bad financial report, yours must be bad too. Will you dare to present a good financial report and show them?

$Bed Bath & Beyond Inc (BBBY.US)$ We are waiting to go to the moon.Keep it up.

$Futu Holdings Ltd (FUTU.US)$
Several policy considerations for Futu Tiger's issues
1. Problem characterization:
Overseas financial institutions that carry out financial activities in mainland China without obtaining the approval of financial regulatory institutions such as the China Securities Regulatory Commission are engaged in illegal financial activities.
This point is logically consistent with regulatory thinking. According to the principle of regulatory jurisdiction, although the registered place of Futu Tiger is overseas, more than half of its users are residents of mainland China, so domestic regulatory institutions have the right to regulate.
2. Futu's response:
The company is licensed and operates in Hong Kong, Singapore, and the United States, complying with local financial regulatory requirements and there is no risk of closure.
Admitting that the license is overseas and has not obtained a license in mainland China, which corresponds to the current regulatory focus.
3. Why did Sun Tianqi attack the cross-border brokerage?
Sun Tianqi single-handedly eliminated internet deposits last year. From the final policy, it can be seen that Sun is a practical person who takes action and establishes the rule that banking deposit products cannot be sold on any internet platform.
Who is Sun Tianqi? He is the director of the Financial Stability Bureau of the Central Bank.
The responsibilities of the Financial Stability Bureau include: comprehensive analysis and evaluation of systemic financial risks, proposing policy recommendations for preventing and resolving systemic financial risks; evaluating the impact of major financial mergers and acquisitions on national financial security and proposing policy recommendations; undertaking the research and formulation of regulatory rules for financial holding companies and standards and norms for cross-sector financial businesses together with relevant parties; responsible for monitoring financial holding companies and cross-sector financial instruments; undertaking the assessment and examination work of restructuring schemes for financial enterprises involving the use of central bank's final payment methods; managing assets related to the disposal of financial risks or financial restructuring by the People's Bank of China; undertaking the inspection and supervision of the actions of financial institutions using central bank funds for resolving financial risks; participating in the liquidation or restructuring of market exit by relevant institutions.
What is the biggest problem for cross-border brokerages? The massive outflow of foreign exchange on the resident side consumes our country's foreign exchange reserves, which is a black hole that must be filled. We have more outflows than inflows.
4. User Information Protection:
Securities account opening is a very lengthy process, requiring users to submit a lot of information. This has resulted in overseas institutions that are not under jurisdiction obtaining sensitive information of domestic users, which is currently unacceptable. When Didi went public, it could potentially leak map surveying and travel data to the blue side. Similarly, Futu Tiger, which went public in the beautiful country, holds the financial data of mainland residents and faces the same risks.
5. How to facilitate customer needs?
The demand for investing in Hong Kong and US stocks can be met in the future by releasing more QD quotas. Residents can send funds out through institutional channels, and the inflow and outflow of funds on the institutional side will be more controllable according to regulation.
Ordinary residents should not directly participate in the secondary market investment, as this path may lead to a dead end.
6. How will the outcome of futu be?
Futu will not collapse, after all, it can still exist as a local brokerage in Hong Kong, serving residents of Hong Kong and Singapore completely legally and compliantly.
However, the biggest dividend of Futu's rise in recent years comes from the increasing demand of Chinese mainland residents for investing in overseas listed Chinese concept stocks. If there are no new mainland incremental users, Futu's growth decline is an inevitable outcome.
According to Sun Tianqi's process of dealing with internet deposits last year, from the initial statement to the final resolution, it takes about half a year, so don't rush to catch the flying knives, wait and see.

$Visa (V.US)$ $Block (SQ.US)$ $PayPal (PYPL.US)$ The U.S. Justice Department is probing Visa Inc's (V.N) relationships with large fintech companies as part of its antitrust investigation of the card giant.
Antitrust investigators are looking into the financial incentives that Visa gave Square Inc (SQ.N), Stripe Inc and Paypal Holdings Inc (PYPL.O), the report said, citing people familiar with the matter.
Visa, which reported its quarterly results on Tuesday, declined to comment.
The company said earlier in March the Justice Department was looking at its debit practices after reports that the United States was investigating whether Visa uses anti-competitive practices in the debit-card market. read more
The Justice Department had previously investigated the credit card payments industry but settled with Visa and Mastercard Inc (MA.N) in 2010 when they agreed to allow merchants to offer consumers incentives to use a low-cost credit card.
Thoughts on this news? Possibly why V has tanked further today after its earnings?

$Bed Bath & Beyond Inc (BBBY.US)$ When will I be back