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This is a disaster!
If you want to open a new account to buy U.S. stocks, it's no longer possible!
Today, Tiger, Futu, and Changqiao were under investigation and had their illegal gains confiscated!
These three brokerages have long been ordered to,
stop opening new accounts for domestic investors,
and regulators have fully blocked all links, including app removal and fund transfers.
Mainland residents can only indirectly buy U.S. stocks through legitimate cross-border investment channels like Hong Kong Stock Connect, QDII funds, and Cross-border Wealth Management Connect.
Do you think this will instead push those interested in buying U.S. stocks into the crypto space?