BEIJING, 23 May 2026 – China has launched a tougher crackdown on illegal cross-border securities activities, targeting online brokerages and overseas institutions that regulators say have been providing mainland investors with unauthorised access to foreign stock markets.
The move marks a significant escalation in Beijing’s effort to tighten control over offshore trading channels, capital flows and online investment platforms. The China Securities Regulatory Commission, together with other regulatory agencies, said illegal cross-border securities, futures and fund business activities must be rectified, with a two-year grace period given for affected firms to wind down unauthorised services.
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