The China Securities Regulatory Commission, along with seven other departments, jointly issued the “Implementation Plan for Comprehensive Rectification of Illegal Cross-Border Securities and Futures Fund Management Activities” on May 22. The plan explicitly prohibits overseas institutions from conducting marketing and solicitation activities related to securities and futures fund businesses in China, providing services such as account opening, transaction instruction processing, fund transfers, and assisting overseas institutions in illegal marketing and trading services. Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited are under investigation for conducting illegal securities business in China, with administrative…
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