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Xinhua News Agency names, CSRC takes action, what should existing clients do? The pressure of compliance transformation is applied to every internet securities firm.

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BlockBeatNews
The China Securities Regulatory Commission plans to impose strict penalties on Tiger, Futu, and Changqiao according to the law, confiscating all illegal gains of relevant domestic and foreign entities.
BlockBeats News, May 22 — According to Xinhua News Agency, the illegal cross-border business activities of Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Cheung Chiu Securities (Hong Kong) Limited violate China's securities, fund, and futures laws and regulations, disrupt market order, and must be firmly cracked down on. In accordance with relevant regulations, the China Securities Regulatory Commission (CSRC) plans to confiscate all illegal gains of Tiger, Futu, and Cheung Chiu related entities both domestically and internationally, and impose severe penalties according to law.
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