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CCitigroup Inc.$122.85
24h
+0.37%
15 Jul, 02:46
Regulatory crackdown threatens China user base
Bearish-7.82%
AI Summary
The author presents a bearish view on Chinese online brokerages Futu and Tiger Brokers, citing regulatory restrictions that block mainland users from buying and predict eventual platform shutdowns.
Mainland existing users of Futu and Tiger Brokers can now only sell, not buy; funds can only flow out, not in.
Once the two-year rectification period ends, the apps, websites, and servers will all be shut down.
An entire generation's channel to US stocks is being dismantled just like that.