Chinese regulators said to mull clampdowns on online brokerages

Chinese regulators said to mull clampdowns on online brokerages

Beijing, China. Photo by zhang kaiyv on Unsplash

Chinese officials are planning to ban online brokerages such as Futu Holdings Ltd and UP Fintech Holding Ltd from offering offshore trading services to mainland clients, the latest development in a broad regulatory crackdown that has roiled a wide range of sectors over the past year.