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China to Penalize Tiger, Futu in Cross-Border Flow Crackdown
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China to Penalize Tiger, Futu in Cross-Border Flow Crackdown

Bloomberg Markets · May 22, 2026, 8:43 AM · Also reported by 2 other sources

China’s securities regulator plans to penalize Futu Holdings Ltd., UP Fintech Holding Ltd.’s Tiger Brokers and Longbridge Securities Ltd. for operating on the mainland without a license, marking a sharp escalation in a yearslong campaign against illicit cross-border brokerages.

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Yahoo Finance Alibaba, U.S.-Listed Chinese Stocks Hit By Cross-Border Crackdown Investing.com Futu Holdings faces $271 million penalty from China regulator

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