China’s Crackdown on Offshore Brokerages Signals Regulatory Shift

Not all investors are rushing to exit amid China’s crackdown on offshore brokerages. UOB’s Goh highlighted a two-year transition period that allows investors to retain existing holdings without immediate liquidation. Ge, a Beijing software engineer and investor, expressed relief as his brokerage platform was not among the recently named offshore brokerages. He opts for a wait-and-see strategy, considering the gradual implementation of restrictions by regulators. Changing brokers poses complexities beyond opening new accounts, particularly for long-term portfolio holders, Goh noted. Brock Silvers, CIO of Hong Kong’s Kaiyuan Capital, emphasized that Beijing’s recent restrictions do not signify a complete reversal of…