Beijing, 29 May 2026 – China has launched one of its most forceful crackdowns in decades on offshore stock trading by mainland investors, targeting online brokerages accused of helping clients access foreign markets outside approved channels.
The campaign marks a major escalation in Beijing’s effort to tighten oversight of capital outflows and bring cross-border securities activity back within regulated pathways. The China Securities Regulatory Commission, together with other government agencies, said it would penalise online brokers including Futu, Tiger Brokers and Longbridge Securities for soliciting mainland business without proper onshore licences.
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