According to China's Securities and Futures Commission (CSRC) announcement on May 23, the regulator has decided to confiscate all illegal proceeds from Tiger Securities, Futu Holdings, and their overseas-related entities for unlicensed cross-border securities and futures operations. The proposed

According to ChainCatcher, Futu Holdings (FUTU.O) announced today (May 23) that it received investigation notices and administrative penalty pre-notices from the China Securities Regulatory Commission (CSRC) and its Shenzhen branch. CSRC stated that certain Futu entities in mainland China and Hong

According to BlockBeats, abnormal trading volume in put options for U.S.-listed Futu (FUTU) and Tiger Securities (TIGR) appeared on May 7, 19, and 21, ahead of China's Securities Regulatory Commission announcing enforcement actions against

According to BlockBeats, on May 22, Futu Holdings reported 2025 net profit of $1.49 billion (116.45 billion HKD), up 101.9% year-over-year, with total revenue reaching 228.47 billion HKD, up 68.1%. The company faces a proposed fine of approximately 18.5 billion Chinese yuan ($271 million) from

According to market analysts, if future regulatory policies prevent mainland Chinese investors from holding or trading U.S. securities through cross-border brokers such as Futu Securities and Tiger Brokers, approximately $175 billion in customer assets could require migration or liquidation. As of e

According to Futu on May 22, the China Securities Regulatory Commission and Hong Kong Securities Regulatory Commission issued updated guidance on cross-border securities, futures, and fund activities by mainland investors. Futu stated it will strictly comply with regulatory requirements and

According to BlockBeats, on May 22, Tiger Brokers (TIGR) and Futu Holdings (FUTU) saw significant premarket declines following enforcement action announced by China's Securities Regulatory Commission. TIGR fell 40% in premarket trading, while FUTU

According to Jin10, Tiger Brokers Inc. (TIGR.O) and Futu Holdings Limited (FUTU.O) declined sharply in premarket trading on May 22. TIGR dropped over 10%, while FUTU fell over 5%.

Gate News message, April 12, the second batch of Hong Kong compliant stablecoin license applications is underway. According to reliable sources, Futu Securities and OSL Group are both applicants for the second batch of licenses. Previously, in November 2025, 13 ministries including the People’s Bank of China issued a statement, reaffirming China’s crackdown on virtual currency trading and classifying stablecoins as virtual currency, which means stablecoins will be impossible to trade in mainland China.

Hong Kong’s first batch of stablecoin issuer licenses was originally set to be issued in March 2026, but it did not roll out as scheduled. The Hong Kong Monetary Authority said it is moving forward with the licensing process, and the market is watching the application status of HSBC and Standard Chartered. Among the applications for the second batch of licenses, Futu Securities and OSL Group are strong contenders.