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China Securities Regulatory Commission Plans Severe Penalties for Tiger Brokers, Futu, and Changqiao, Seizing All Illegal Gains

AirdropBlackHole

2026-05-25 06:26:46

On May 22, according to Xinhua News Agency, the illegal cross-border business activities of Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited have violated China's securities, fund, and futures laws and regulations, disrupting market order and necessitating a firm crackdown. In accordance with relevant regulations, the China Securities Regulatory Commission plans to confiscate all illegal gains of the related entities of Tiger, Futu, and Changqiao both domestically and internationally, and impose severe penalties. Following the announcement, shares of Tiger Brokers (TIGR) fell 24.82% in pre-market trading, while Futu Holdings (FUTU) dropped 21.25%.

FUTU-27.71%

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