China cracks down on brokers for illegal cross-border stock trading

Three brokers, including Hong Kong’s largest online brokerage Futu, have been heavily penalised by Chinese regulators, in an effort to clean up market misconduct and to curb illegal outflows.
May 26, 2026

The China Securities Regulatory Commission (CSRC) announced on May 22 that it will crack down on Futu Holdings, Tiger Brokers and Longbridge Securities in relation to illegal cross-border business operations.

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