富途

Tiger, Futu, and Changqiao facing a '2-year crackdown' – Is the cross-border trading route blocked?

Today, the CSRC teamed up with 8 departments to classify Tiger, Futu, and Changqiao as illegal cross-border operations, confiscating illegal gains and imposing fines, while initiating a 2-year concentrated rectification.

Key measures:

· During the rectification period, they are prohibited from providing buying services and transferring funds for domestic investors, only allowing one-way selling and fund transfers.
· After the 2-year period, all domestic websites, apps, and servers will be shut down completely, halting services.
· The assets of existing investors are secure and can exit by selling off.

This means: If you’re trading Hong Kong and US stocks on these platforms, you can only sell, and buying is no longer an option. You must gradually liquidate or transfer your assets within two years.

Legal alternative channels still exist: Hong Kong Stock Connect, QDII funds, cross-border wealth management, etc. However, Hong Kong Stock Connect has a 500,000 threshold, and QDII quotas are limited, making it unfriendly for regular retail investors.

Indirect impact on the crypto market:

· Some forced exits might seek other investment channels, but domestic cryptocurrency trading is also banned, so a direct influx into the crypto market isn't realistic.
· Emotionally, this is another signal of 'tightening regulation,' which will strengthen investors' perception of decentralized assets as safe havens, but the actual pathways for capital migration are not smooth.

In summary: The small door for cross-border stock trading is closing, while the compliance gate remains high. If you’re an existing user, it’s advisable to exit in an orderly manner within the next 2 years and not to wait until the last moment to get liquidated.

#监管政策 #富途 #老虎 #长桥 $CRCL $BTC

Futu Tiger got hit with a $2.1 billion fine. Futu dropped 33% pre-market, and Tiger plummeted 45%. Cross-border brokers are facing heavy penalties, and $175 billion in US stock assets need to move. This time, the regulators aren't just tossing fines around; they're aiming to shake up the entire industry. The shorts are celebrating now, but I think this is just the beginning. Do you think the regulators will keep hitting hard, or will this wave just pass?

#富途 #老虎证券 #跨境券商 #监管 #crypto market

Futu Holdings pre-market drops over 31%, Tiger Securities under investigation by the SEC

On May 22, impacted by the severe penalties announced by the China Securities Regulatory Commission, US stock pre-market trading for Up Fintech (TIGR) saw its losses expand to 40%, while Futu Holdings (FUTU) faced a pre-market drop of 31.78%. Tiger Securities responded by stating they will strictly comply with regulatory requirements and actively cooperate.

Why it matters: Futu, Tiger, and ChangQiao, among other cross-border brokerage firms, are now under comprehensive investigation by the SEC. An eight-agency joint rectification plan will completely eliminate their illegal operations within the country, putting significant short-term pressure on the related US stock prices. #富途 #老虎证券 #中国证监会 #USstocks

SEC and seven other departments team up: Total crackdown on illegal cross-border operations of foreign securities, futures, and funds

On May 22, China's SEC, along with the Ministry of Industry and Information Technology, Ministry of Public Security, Central Bank, State Administration for Market Regulation, Financial Regulatory Bureau, National Internet Information Office, and State Administration of Foreign Exchange, jointly issued the 'Implementation Plan for Comprehensive Rectification of Illegal Cross-Border Securities, Futures, and Fund Operations'.

Why it matters: This is the toughest and most comprehensive rectification plan to date targeting foreign securities, futures, and fund management institutions. Brokerage firms like Futu Holdings and Tiger Brokers, which operate both domestic and foreign platforms, will be directly impacted. Futu's pre-market US stocks have already plummeted over 21%, while TIGR is down more than 24%. #富途 #中国证监会 #监管 #compliance

🛠️ Open Source Tool Recommendation: Hong Kong IPO Alerts Skill

An automated Hong Kong IPO alert tool that condenses the cumbersome info gathering into "one command."

📊 What it can do:
• Automatically query current Hong Kong IPOs
• Integrate Futu OpenAPI + ZhiFu Securities dual data sources
• Output IPO reports with subscription multiples and P/E ratios
• Sort by subscription multiples in descending order to easily spot hot new stocks
• Use 🔴🟡🟢 to indicate urgency levels
• Quietly exit when there are no new stocks, perfect for scheduled tasks

📋 Sample Report:
📊 Hong Kong IPO Alerts (05/23)

🔴 STRATO (HK.02723)
Offering Price: 10.00 HKD
Lot Size: 500 shares | Entry Fee: 5050.42 HKD
🔥 Subscription Multiple: 234.59x
📈 P/E Ratio: -23.13
Listing Date: 2026-05-28 | Deadline: 2026-05-24
⚠️ Subscription deadline tomorrow!

🚀 Quick Start:
1. Install FutuOpenD Gateway
2. pip install futu-api
3. python scripts/hk_ipo_alert.py

📡 Data Sources:
• Futu OpenAPI: Basic Information
• ZhiFu Securities: Subscription Multiples, P/E Ratios

📦 Repository: github.com/discountifu/hk-ipo-skill
📄 License: MIT (Free and Open Source)

#港股 #打新 #开源工具 #富途 #Skill