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China Cracks Down on US Stock Trading Platforms, Orders Illegal Gains Seized

2026-05-22 11:07:09

Story Highlights* China introduced a two-year cleanup period to completely remove unauthorized cross-border trading services nationwide.

China launched crackdown against overseas stock trading platforms serving mainland Chinese investors illegally.
Regulators plan confiscating illegal profits from Tiger Brokers, Futu Holdings, and Longbridge Securities.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

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