⚠️ Major news: The sky is falling, the China Securities Regulatory Commission and seven other departments are cracking down hard on illegal cross-border stock trading by overseas brokers within China!

A few key points:
1) Preparing to confiscate all illegal gains from Tiger, Futu, and Changqiao both domestically and internationally; all profits must be returned, and fines will be imposed.
2) Two years of focused rectification: if you already have an account, you can only sell, not buy; you can only transfer money out, not transfer money in!
3) After two years, complete shutdown, prohibiting any trading services for Chinese investors.
With such a heavy crackdown, is it because they are afraid that this year's three major IPOs will drain liquidity from the A-shares market directly??
In any case, family members, it can be foreseen that RWA assets and on-chain U.S. stocks are about to rise!