intellectual Mink_31
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$NIO Inc (NIO.US)$ This stock can dive 7% in a day without any news.
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$Futu Holdings Ltd (FUTU.US)$ Congratulations to the successor who got in this morning
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$Futu Holdings Ltd (FUTU.US)$ Zanping Pan Xia is charged in to unblock the organization
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intellectual Mink_31
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$Futu Holdings Ltd (FUTU.US)$ Watch and see if there are many successors
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intellectual Mink_31
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$Futu Holdings Ltd (FUTU.US)$ It's going to take off tonight.
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intellectual Mink_31
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$Futu Holdings Ltd (FUTU.US)$ I don't think it will have any impact on future operations, but it will have an impact on investors' mentality, and stock prices will fall again. Where did it fall? I also want to know
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intellectual Mink_31
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intellectual Mink_31
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$Alibaba (BABA.US)$ and $Futu Holdings Ltd (FUTU.US)$ i am doing the comparison. I have sold baba because I foresee it will fall one more time between 88 to 90 pts before hit 100. At the same time, i seen moomoo is dropping to the lowest pts, in short term, it will fall but long term surely will raise again, and will back to normal level. In this case, which one I should take baba or moomoo?
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intellectual Mink_31
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The China Securities Regulatory Commission has stated that it is for foreign exchange control, mainly to prevent mainland investors from investing RMB funds in the US stock market through the Futu platform, because this is a loophole in the outflow of RMB capital. Futubull Niu platform, you can convert the funds in the US dollar account to Hong Kong dollars, trade in the Hong Kong stock market, or convert the funds in the A-share market to HKD/USD, open an account in the Hong Kong/US stock market, and then transfer the funds into the Hong Kong/US stock account for trading. The loophole is that funds in the Hong Kong/US stock market can be transferred to personal accounts at Hong Kong/Bank of America. Complete the outflow of funds. This is not permitted under China's foreign exchange management system. As long as this loophole is closed, the China Securities Regulatory Commission will not be able to control it. Because Futu is registered in Hong Kong and has branches in Singapore, the US, and Australia. The Chinese government has no right to interfere, replace, or fine foreign companies.
Therefore, the “rectification” had little impact on Futu; it's just that mainland customers cannot continue to grow. Overseas customers and transactions are not affected in any way. However, HKD/USD cannot be converted to RMB on the Futu platform, do A-share transactions, or transfer A-share RMB to personal accounts in mainland China. The purpose of the China Securities Regulatory Commission is only to block the free inflow/outflow of RMB and foreign capital on the Futu platform.
So the impact is minimal.
The market overreacted because no one in the company came out to explain it clearly, and they were also afraid that the explanation would not be thorough, that they would be caught by American investors, and that the legal lawsuits would continue...
Therefore, the “rectification” had little impact on Futu; it's just that mainland customers cannot continue to grow. Overseas customers and transactions are not affected in any way. However, HKD/USD cannot be converted to RMB on the Futu platform, do A-share transactions, or transfer A-share RMB to personal accounts in mainland China. The purpose of the China Securities Regulatory Commission is only to block the free inflow/outflow of RMB and foreign capital on the Futu platform.
So the impact is minimal.
The market overreacted because no one in the company came out to explain it clearly, and they were also afraid that the explanation would not be thorough, that they would be caught by American investors, and that the legal lawsuits would continue...
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intellectual Mink_31 : If you can't beat them, join the air force, NIO will go out of business sooner or later, and the value will return to 0