On May 16, leading online brokers Futu Holdings and UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, successively announced that their apps will be removed from app stores on the Chinese mainland.
China's Securities Regulatory Commission said on December 30 that online brokerages Futu Holding and UP Fintech Holding have conducted cross-border securities businesses involving domestic investors without regulatory consent, contravening Chinese laws.
