technology

China may ban online brokerages from offering offshore trading: Report

China may ban online brokerages from offering offshore trading: Report

Chinese officials are planning to ban online brokerages such as Futu Holdings and UP Fintech from offering offshore trading services to mainland clients, Reuters reported citing sources. Firms affected by the crackdown are likely to be notified of a ban in the coming months. Futu said it had been communicating with authorities but had not received any formal orders..

technology 2021-12-18 Inshorts