China says 'illegal' outbound investment crackdown won't lead to forced liquidation - Reuters
China says 'illegal' outbound investment crackdown won't lead to forced liquidation Reuters
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Notable Quotes
"the phased suspension is designed to safeguard clients, requiring overseas institutions to arrange proper account disposal and maintain communication with those affected."
— official , Other
"Safety of investors' assets will not be affected by the rectification campaign."
— China Securities Regulatory Commission , Executive
Key People
China's government agency responsible for regulating securities and futures markets.
Futu Securities is a technology-enabled brokerage and wealth management platform.
Longbridge Securities is a brokerage firm that targets mainland Chinese investors.
A representative from the China Securities Regulatory Commission who provided insights on the crackdown.
Tiger Brokers is a technology-driven online brokerage firm focused on empowering investors to achieve their financial goals.
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<a href="https://news.google.com/rss/articles/CBMiygFBVV95cUxNNkZNc3hHZm5BOExXUGJpclRGNFpxMnQ2LWlyY1lRNkd1cGdvZUMwRWR4dU1qbW16Q01ZZDBDTUpBRUVTbWVDWVFwQXU3UWdJWDZ0dHBONVJVcjFOR09GU3gtdDNFQ0c1UGtxN0V3eFNOTUp0VFlsRmpxcEJDMWlJOWxudHpEa0d1SWJJVk5VbWdZLTVnUzZ1aUs5MDhVWTJ3QUJrRzBOWWIyQmJVLXhienNOcEIyY3NxeHBvclliMUF4U09hWmo5NFVR?oc=5" target="_blank">China says 'illegal' outbound investment crackdown won't lead to forced liquidation</a> <font color="#6f6f6f">Reuters</font>
China's securities regulator clarifies that its crackdown on 'illegal' cross-border investment will not lead to the forced liquidation of offshore accounts held by mainland investors, amid concerns over $54 billion in assets.
China's securities regulator states that its crackdown on 'illegal' cross-border investment will not result in the forced liquidation of offshore accounts held by mainland investors, addressing concerns over $54 billion in assets.
The China Securities Regulatory Commission announces penalties for three offshore brokerages—Tiger Brokers, Futu Securities, and Longbridge Securities—for illegal cross-border securities business activities, as part of a broader crackdown on unauthorized offshore investment services.
China's securities regulator stated that its crackdown on 'illegal' cross-border investment will not result in the forced closure of offshore accounts or liquidation of assets, addressing investor concerns over $54 billion worth of assets.
The China Securities Regulatory Commission announced plans to penalize Tiger Brokers, Futu Securities International, and Longbridge Securities for illegal cross-border business operations, aiming to protect investors and maintain market order.
China's securities regulator assures that its crackdown on 'illegal' cross-border investment will not result in the closure of offshore accounts or forced liquidation of assets, addressing investor concerns over $54 billion worth of assets.
China's securities regulator clarifies that its crackdown on 'illegal' cross-border investment will not lead to the closure of offshore accounts or forced liquidation of assets, amid concerns over $54 billion in assets.
The China Securities Regulatory Commission (CSRC) states that its crackdown on illegal cross-border investment will not result in the closure of offshore accounts or forced liquidation of assets, aiming to 'purify' China's capital markets and protect investors.
China's securities regulator assures that its crackdown on 'illegal' cross-border investment will not result in the forced liquidation of offshore accounts held by mainland investors, addressing concerns over $54 billion in assets.
China intensifies its crackdown on offshore brokerages illegally providing services to onshore investors, aiming to eradicate such activities within two years and penalizing three major offshore brokerages for illegal cross-border securities business activities.
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