China Traders Rush for Exit After Cross-Border Flow Crackdown

China investors rush for exit after crackdown on illicit cross-border stock trading

One investor said some people are now preparing to move to other brokers in Singapore or the US. Read more at straitstimes.com.

China Launches Two-Year Crackdown on Offshore Brokers Serving Mainland Investors

China Launches Two-Year Crackdown on Offshore Brokers Serving Mainland Investors - Mainland clients of Tiger Brokers, Futu and Long Bridge will only be allowed to sell holdings and withdraw funds during the cleanup period

China Traders Rush for Exit After Cross-Border Flow Crackdown

Chinese investors are rushing to find alternative ways to buy and sell overseas equities after Beijing launched its most forceful crackdown on illicit cross-border stock trading to stem capital outflows.

Report: China Probes Futu, Tiger Brokers, Longbridge Over Offshore Trades

Mainland Chinese investors are reportedly moving to unwind their offshore stock positions amid concerns over a broader regulatory probe into unlicensed cross-border trading, according to Bloomberg. An estimated US$1 trillion reportedly flowed out of China last year, marking the largest annual capital outflow since 2006, Bloomberg reports. In a move to stem the capital flight, regulators have stated that “illegal” existing accounts must be rectif…

China’s Crackdown on Illicit Cross-Border Stock Trading Sparks Investor Exodus

Chinese investors are seeking new avenues for trading overseas equities following Beijing's severe crackdown on illicit cross-border stock trading to prevent capital outflows. Richard Wang, an artificial intelligence professional in the United States, made the decision to offload his US stocks on May 22 in response to China's stringent actions. He now awaits the reopening of the Hong Kong market to divest his remaining positions. The repercussio…