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The Nexus
BUSINESSMay 28 · 08:00 UTCSCMP WORLDPeggy Ye

China’s brokerage crackdown: banks cut stock forecasts for Futu, Tiger

Chinese online brokerages Futu and Tiger face reduced stock valuations as Beijing cracks down on unauthorized cross-border securities businesses. CCB International lowered Futu's target price by 32% to $150, citing regulatory challenges that may slow profit growth and increase customer acquisition costs.

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Futu HoldingsorganizationTigerorganizationCCB InternationalorganizationBeijingplacecross-border securities businessestopic
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