Chinese Online Brokers Suspend Mainland Investors from Adding New Positions
Tiger Brokers and Futu, two major online brokerages, announced they will suspend mainland China investors from adding new positions to their accounts, effective immediately. The move follows a directive from Chinese regulators, who penalized the firms for operating without a license and ordered them to wind down cross-border securities activities. Existing account holders can still trade when traveling offshore. This is part of a broader regulatory crackdown to control capital outflows and tighten oversight of offshore trading platforms.
Cross-source coverage
Wire timeline
Futu to Suspend Chinese Mainland Investors from Adding New Positions
Futu, an online brokerage, announced it will suspend Chinese mainland investors from adding new positions, effective immediately. The service halt aligns with Chinese regulators' requirements for overseas institutions to wind down prohibited activities. This follows China's recent penalties against three online brokers, including Futu, for operating without a licence, with authorities confiscating all illegal gains from their securities businesses. The move reflects ongoing regulatory crackdown on cross-border financial services targeting mainland investors.
The Business TimesFutu to Suspend Chinese Mainland Investors from Adding New Positions
Futu, an online brokerage, announced it will suspend Chinese mainland investors from adding new positions, effective immediately. The service halt aligns with Chinese regulators' requirements for overseas institutions to wind down prohibited activities. Chinese regulators have penalized three online brokers, including Futu, for conducting securities business services in China without regulatory approval. This move is part of a broader regulatory crackdown on cross-border securities activities, impacting mainland investors' access to overseas trading platforms. The suspension applies only to new positions, and existing holdings may be affected by further regulatory actions.
The Business TimesTiger Brokers to Suspend Mainland China Investors from Adding New Positions
Tiger Brokers, an online brokerage, announced it will suspend investors in mainland China from adding new positions. However, these investors can still buy or sell securities from their existing accounts when they travel offshore. This move follows a directive from Chinese regulators, who in May gave the company and others a two-year grace period to wind down illegal activities. The suspension is part of broader regulatory crackdown on cross-border securities trading by mainland Chinese investors.
The Business TimesTiger Brokers to Suspend Mainland China Investors from Adding New Positions
Tiger Brokers, an online brokerage, announced it will suspend investors in mainland China from adding new positions to their accounts. However, existing account holders will still be able to buy or sell securities when they travel offshore. The move affects mainland Chinese investors using the platform, though specific reasons for the suspension were not detailed in the article. The policy change is significant for Chinese retail investors who use Tiger Brokers for international market access, as it restricts their ability to increase holdings while allowing management of existing positions only when physically outside mainland China. The announcement was published by The Business Times on June 3, 2026.
The Business TimesTiger Brokers to Suspend Mainland China Investors from Adding New Positions
Tiger Brokers, an online brokerage, will suspend investors in mainland China from adding new positions to their accounts. However, existing account holders will still be able to buy or sell securities when they travel offshore. The move is part of a broader regulatory crackdown, as Tiger is among several online brokers instructed to wind down their cross-border investment accounts for mainland Chinese clients. The suspension takes effect amid ongoing efforts by Chinese regulators to control capital outflows and tighten oversight of offshore trading platforms. The article, published by The Business Times on June 3, 2026, highlights the impact on Chinese investors who use such platforms to access international markets.
The Business Times