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Futu and Tiger both plummeted over 40%

2026-05-22 14:42:36

Golden Finance reports that on May 22nd, before the U.S. stock market opened, Futu and Tiger both plummeted by over 40%. On the news front, the China Securities Regulatory Commission announced that the illegal cross-border business activities of Tiger, Futu, and Changqiao violate China's securities, fund, and futures laws and regulations, disrupt market order, and must be firmly cracked down on. According to relevant regulations, the CSRC plans to confiscate all illegal gains of the domestic and overseas entities related to Tiger, Futu, and Changqiao, and impose severe penalties according to law.

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