The China Securities Regulatory Commission fined Hong Kong's three major brokerages Futu, Changqiao, and Tiger, confiscated illegal gains, and ordered a two-year deadline for rectification and repayment of mainland users. On the same day, stock prices dropped over 30%.


This wave also heavily impacted the crypto circle, and the major leading crypto exchanges are likely to gradually phase out users from mainland China, resulting in a large amount of selling over the weekend, with the possibility of continuation #TradFi交易分享挑战
FUTUON0.25%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
Add a comment
Add a comment
LiquidationInTheMorni
· 05-23 10:25
Will it break 2000 today?
View OriginalReply0
View More
GateUser-053cce23
· 05-23 09:40
Is this not bouncing back at all...
View OriginalReply0
View More
FlyingAunt
· 05-23 09:04
It's over now, you won't be able to use any trading apps in the future.
View OriginalReply0
View More
GoodFortuneAndSmoothWealthIn
· 05-23 08:47
Secretary, the previous long position was stopped out, can I hold the 2017 long position?
View OriginalReply0
View More
  • Pinned