China deepens crackdown on cross-border brokers, vows cleanup in 2 years
Original from Nikkei.com: China deepens crackdown on cross-border brokers, vows cleanup in 2 years

China deepens crackdown on cross-border brokers, vows cleanup in 2 years

China's securities regulator has announced a significant crackdown on illegal cross-border investments, targeting unapproved overseas brokerage operations within the country. This initiative, revealed on May 22, 2026, aims to eliminate such activities over the next two years. The move comes as authorities penalized several prominent online brokers, including Tiger Brokers, Futu, and Longbridge, leading to a sharp decline in their US-listed shares. The crackdown reflects China's ongoing efforts to tighten control over financial markets and curb unauthorized foreign investment, amid increasing pressure on domestic brokers to expand their operations abroad. The regulatory actions are part of a broader strategy to ensure compliance and protect investors in the rapidly evolving financial landscape.

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