CSRC’s crackdown on cross-border trading involves US$32b in Hong Kong assets: Citic

The Chinese Securities Regulatory Commission’s crackdown on illegal cross-border securities trading may impact up to HK$250 billion (US$31.9 billion) in Hong Kong assets, with Citic Securities estimating the effect to be negligible for the city’s third-largest stock market. The campaign could affect HK$150 billion to HK$180 billion in assets owned by mainland investors via Hong Kong accounts at Futu Securities.