china-regulation
3 stories related to this topic, newest first.
South China Morning PostBeijing Announces Crackdown on Unauthorized Cross-Border Trading by Online Brokerages
Chinese regulators moved against online brokerages offering unauthorized cross-border trading. The action triggered a sharp drop in shares of one listed firm and reduced the wealth of its founder.
ecns.cnChina Regulator Opens Cases Against Three Offshore Brokerages
China’s securities regulator opened enforcement actions against Futu, Tiger Brokers, and Longbridge Securities for serving mainland investors without approval. The measures include a two-year wind-down period and proposed fines totaling hundreds of millions of yuan.
jamestown.orgChina Investigates EV Makers After Owners Report Range Loss Following Software Updates
Chinese authorities summoned more than eight electric vehicle manufacturers and placed three under investigation after owners reported battery range reductions of up to 125 miles and longer charging times following over-the-air software updates. The probe centers on what owners d…