Chinese regulators have imposed stricter rules on mainland investors buying US stocks, penalizing brokers like Futu Holdings and Tiger Brokers for facilitating overseas purchases through loopholes. Investors can only sell and withdraw funds for two years, with no new purchases allowed. This crackdown affects an estimated $32 billion in assets and comes as interest in US tech stocks surges, fueled by SpaceX's upcoming $75 billion IPO. The move aims to curb capital outflows and enforce compliance amid growing cross-border investment demand.
China's securities regulator has tightened rules on offshore brokerages like Tiger Brokers and Futu Holdings, cracking down on illegal cross-border securities activities. This move limits mainland retail investors' access to U.S. stocks, encouraging ...
S&P Global Ratings has reaffirmed Futu Holdings Limited's long-term issuer credit rating at BBB- with a stable outlook. The rating reflects Futu's strong market position in Hong Kong and its strategic geographic diversification to offset the expected...
