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