The China Securities Regulatory Commission plans to punish illegal cross-border business exhibitions by Tiger, Futu, and Changqiao

According to Xinhua News Agency, the China Securities Regulatory Commission announced that, Tiger Brokers（NZ）Limited、 Futu Securities International (Hong Kong) Limited and Changqiao Securities (Hong Kong) Limited intend to confiscate all illegal gains of their domestic and foreign entities and impose penalties in accordance with the law for violating relevant laws and regulations in illegal cross-border business operations.