The most magical thing: Dongda’s biggest focus was preventing cryptocurrency speculation—but in the end, it personally sent abroad a group of people who are among the world’s best at trading crypto.

These folks have set up in Dubai and Singapore, issued tokens, and traded US stocks—one more flourishing than the next.
Futu and Tiger were cleared out; the openings left behind were just the right opportunity for these early “going overseas” players to step in.
After holding them off for half a day, in the end, mainland Chinese investors still have to buy US stocks and trade crypto—and they still can’t get around these people who were driven away.
It took ten years to fatten up the competition, and another ten years to hand over customers to the competitors—that’s what a truly closed-loop operation looks like.