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Beijing expands regulatory crackdown to brokerages that give Chinese investors access to US stocks

2 days ago   |   By Business Insider

Getty Images / VCG
Beijing's regulatory crackdown that began last year is now spreading to Chinese brokerage firms. China's personal data privacy law that takes effect on November 1 could lead to violations and compliance risks for brokerages. Shares of UP Fintech and Futu Holdings fell 24% and 15%, respectively, in Thursday trades. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The year-long regulatory crackdown from Beijing has now spread to Chinese brokerage firms that give mainland investors access to trade US stocks. The state-run People's Daily newspaper...
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