1tt125
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$富途控股(FUTU.US$ $向上融科(TIGR.US$ $Robinhood(HOOD.US$After initially unscathed from the crackdown on internet platforms, the regulatory risk seemed to be rearing its ugly head for the Chinese online brokerages. The subsequent rapid rebound in online brokerages $富途控股(FUTU.US$and $向上融科(TIGR.US$provided a strong rebuttal to naysayers including yours truly.
Sun Tianqi, head of the Financial Stability Department at the People's Bank of China (PBOC), echoed my reservations at a financial forum over the previous weekend. He specifically highlighted (in Chinese) certain securities trading institutions that provided securities investment services overseas mainly to domestic investors were conducting "illegal financial activities" when they did not obtain the relevant domestic licenses.
"According to professional media reports, 80% of the deposit accounts of Company A registered in the Cayman Islands are from China, and 55% of Company B registered in Hong Kong. From the perspective of business nature, cross-border Internet brokerages are driving without a license in China and are illegal financial activities." - Sun Tianqi (translation by Google)
Sun explained that financial institutions such as China's securities firms "dare not provide services similar to the cross-border delivery model in the United States." Hence, it does not make sense for foreign registered brokerages to offer services to Chinese domestic users.
Nevertheless, I don't think it's fatal for Futu Holdings and UP Fintech if they can't serve their Chinese accounts in the future. Futu still has nearly half its customers overseas and its Moomoo trading app is popular thanks to the rich features it offers. UP Fintech, better known as Tiger Brokers, has rapidly increased its overseas customer base. Its trading app is also welcomed by users.
In the U.S., $Robinhood(HOOD.US$is having a rough time as well following lackluster quarterly results and guidance. HOOD stock fell 21.7 percent over the past month. FUTU and TIGR stocks fared worse, with both down nearly 40 percent in the same period.
Sun Tianqi, head of the Financial Stability Department at the People's Bank of China (PBOC), echoed my reservations at a financial forum over the previous weekend. He specifically highlighted (in Chinese) certain securities trading institutions that provided securities investment services overseas mainly to domestic investors were conducting "illegal financial activities" when they did not obtain the relevant domestic licenses.
"According to professional media reports, 80% of the deposit accounts of Company A registered in the Cayman Islands are from China, and 55% of Company B registered in Hong Kong. From the perspective of business nature, cross-border Internet brokerages are driving without a license in China and are illegal financial activities." - Sun Tianqi (translation by Google)
Sun explained that financial institutions such as China's securities firms "dare not provide services similar to the cross-border delivery model in the United States." Hence, it does not make sense for foreign registered brokerages to offer services to Chinese domestic users.
Nevertheless, I don't think it's fatal for Futu Holdings and UP Fintech if they can't serve their Chinese accounts in the future. Futu still has nearly half its customers overseas and its Moomoo trading app is popular thanks to the rich features it offers. UP Fintech, better known as Tiger Brokers, has rapidly increased its overseas customer base. Its trading app is also welcomed by users.
In the U.S., $Robinhood(HOOD.US$is having a rough time as well following lackluster quarterly results and guidance. HOOD stock fell 21.7 percent over the past month. FUTU and TIGR stocks fared worse, with both down nearly 40 percent in the same period.
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1.簡介
MACD 是移動平均融合差異的縮寫,是一種技術指標,它顯示證券價格的兩個移動平均線之間的關係。它旨在揭示股票價格趨勢中的潛在變化。
MACD 是通過評估長期指數移動平均線和短期 EMA 之間的融合和差異情況來計算的。EMA 是一種移動平均線 (MA) 類型,為最新數據點增加了重量...
MACD 是移動平均融合差異的縮寫,是一種技術指標,它顯示證券價格的兩個移動平均線之間的關係。它旨在揭示股票價格趨勢中的潛在變化。
MACD 是通過評估長期指數移動平均線和短期 EMA 之間的融合和差異情況來計算的。EMA 是一種移動平均線 (MA) 類型,為最新數據點增加了重量...
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本網站上的任何內容均不得視為購買或出售證券、期貨或其他金融產品的推薦或招攬。網站上的所有資料及數據僅供參考,歷史數據不得視為預測未來趨勢的基礎。
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