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$UP Fintech (TIGR.US)$ $Futu Holdings Ltd (FUTU.US)$ Financial News | Futu and Tiger reported to have removed Chinese trading apps
"The Wall Street Journal" quoted sources as reporting that Futu (US: FUTU) and Tiger Securities plan to remove their applications that allow customers to trade stocks overseas from China, with the deletion plan to be confirmed as early as this Tuesday (16th).
The report pointed out that this is part of the corrective measures required by the China Securities Regulatory Commission (CSRC), which in December prohibited two brokerages from soliciting new business from mainland investors.
According to reports, the decision was made by both parties after the statement issued by the China Securities Regulatory Commission in December last year, which stated that these two brokerages allowed their mainland clients to engage in cross-border trading, in violation of Chinese law.
"The Wall Street Journal" quoted sources as reporting that Futu (US: FUTU) and Tiger Securities plan to remove their applications that allow customers to trade stocks overseas from China, with the deletion plan to be confirmed as early as this Tuesday (16th).
The report pointed out that this is part of the corrective measures required by the China Securities Regulatory Commission (CSRC), which in December prohibited two brokerages from soliciting new business from mainland investors.
According to reports, the decision was made by both parties after the statement issued by the China Securities Regulatory Commission in December last year, which stated that these two brokerages allowed their mainland clients to engage in cross-border trading, in violation of Chinese law.
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$UP Fintech (TIGR.US)$
Can we see $5 .xx next week?
Can we see $5 .xx next week?
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