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Hedge Funds Backing Futu, Up Fintech Hit by China Crackdown

Bloomberg Markets · May 26, 2026, 8:00 AM · Also reported by 2 other sources

China’s crackdown on cross-border trading sent the shares of popular brokers Futu Holdings Ltd. and Up Fintech Holding Ltd. plummeting, threatening pain for hedge funds and other investors who back these firms.

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Hedge Funds Backing Futu, Up Fintech Hit by China Crackdown

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