All in on Big A!! Is this to completely cut off the domestic funding channels that feed into U.S. stocks?

🚨🚨 The China Securities Regulatory Commission (CSRC) is seriously investigating illegal cross-border securities activities: planning to decide to confiscate all illegal gains of Tiger, Futu, Changqiao and related domestic and overseas entities.
Recently, the CSRC lawfully filed cases and issued administrative penalty pre-notification against TigerBrokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, Changqiao Securities (Hong Kong) Limited, and related domestic and overseas entities for illegal securities business operations within China.
Tiger, Futu, Changqiao and related domestic and overseas entities, without approval from our commission, did not obtain licenses for securities brokerage or securities margin financing, and engaged in securities trading marketing, transaction processing, and other securities services within China to gain related profits, violating Article 120 of the Securities Law, constituting illegal securities business operations.
According to Articles 202 of the Securities Law, 136 of the Securities Investment Fund Law, and 132 of the Futures and Derivatives Law, our commission plans to confiscate all illegal gains of Tiger, Futu, Changqiao and related domestic and overseas entities, and impose strict penalties according to law.
The parties subject to administrative penalties have the right to present statements, defend themselves, and request hearings. Our commission will fully listen to their opinions and make administrative penalty decisions in accordance with the law.