Companies like Tiger and Futu have never had licenses in China.


The financial industry requires licenses.
If you really want to trade US stocks, there are ways.
QDII, the simplest, can be done through Alipay or bank apps.
You are buying an index.
Hong Kong Stock Connect ETFs, buy directly with an A-share account.
Open an account with a Hong Kong broker.
A Hong Kong bank card is needed; I personally went to Hong Kong with my passport to open an account.
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