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

$Block(SQ.US)$ They are all avoiding financial risk. They say $Visa(V.US)$ und $MasterCard(MA.US)$ They don't have good financial reports. Yours must be bad. Dare to come up with a good financial report. Let them see it?

$3B家居(BBBY.US)$ Waiting to go to the moon,refuelling

$Futu Holdings Ltd(FUTU.US)$
Some policy thoughts on the Futu Tiger issue
1. Problem characterization:
Overseas financial institutions that come to the mainland to carry out financial activities without obtaining permission from financial supervisory authorities such as the China Securities Regulatory Commission are illegal financial activities.
This is logically in line with regulatory thinking. According to the principle of territorial supervision, although Futu is registered overseas, more than half of the users are mainland residents, and domestic supervisory authorities have the power to manage it.
2. Futu's response:
The company is licensed and exhibited locally in Hong Kong, Singapore and the US, complies with local financial regulatory requirements, and has not gone out of business.
It is recognized that the license is from abroad and has not obtained a license from mainland China, corresponding to the current entry point for supervision.
3. Why did Sun Tianqi launch attacks on cross-border brokerage firms:
Sun Tianqi got rid of internet deposits on his own last year. Judging from the policy that was finally implemented, Sun is a pragmatist; if you say hit, hit it. Since then, he has established the rule that bank deposit products cannot be sold on behalf of any internet platform.
Who is Sun Tianqi? Director of the Central Bank's Financial Stability Board.
The responsibilities of the Financial Stability Bureau include: comprehensively analyzing and evaluating systemic financial risks, putting forward policy suggestions for preventing and mitigating systemic financial risks; evaluating the impact of major financial mergers and acquisitions on national financial security and making policy suggestions; undertaking the work of studying and formulating standards and regulations for financial holding companies' regulatory rules and cross-cutting financial services with relevant parties; responsible for monitoring financial holding companies and cross-cutting financial instruments; undertaking verification and review of financial enterprise restructuring plans involving the use of the Central Bank's final payment methods; managing financial risk disposal or financial restructuring by the People's Bank of China Relevant assets; Undertake inspection and supervision of the use of central bank financial institutions to mitigate financial risks, and participate in the liquidation or institutional restructuring of relevant institutions' market withdrawals.
What is the biggest problem with cross-border brokerage firms? The huge outflow of foreign exchange on the residents' side consumes our country's foreign exchange reserves. This area is a big black hole. It must be blocked. It has to be blocked; it has gone out far, and there are few returns.
4. User information protection:
Opening a securities account is a very long process, requiring users to submit a lot of information. This has caused overseas unregulated institutions to obtain sensitive information from domestic users. This is unacceptable due to current trends. If DiDi goes public, it is possible that map surveying and travel data will be leaked to Blue. Futu Tiger, which is also listed in beautiful countries, holds financial data from mainland residents in its hands, and has the same risk.
5. How to unblock customer needs?
The demand for investment in Hong Kong and US stocks can be made more manageable by releasing more QD credits, residents going out through institutional funds, and the inflow and outflow of institutional capital.
Ordinary residents should not go out directly to participate in investing in the secondary market; this path may be blocked
6. How will Futu end up?
Futu will not go out of business. After all, it can also exist as a local brokerage firm in Hong Kong, and it is fully legal and compliant to serve Hong Kong and Singaporean residents.
However, the biggest dividend from the rise of Futu over the years has come from the growing demand of mainland Chinese residents to invest in securities listed overseas. Without additional new mainland users, the decline in Futu's growth rate will inevitably come to an end.
According to Sun Tianqi's process of handling internet deposits last year, it will take almost half a year from the first statement to the final settlement. Don't rush to pick up the knife, 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?

$3B家居(BBBY.US)$ When will I be back