Long Bridge
Coverage of Long Bridge in the Nexus archive.
- Beijing’s brokerage probe to stop ‘leakage’, Paul Chan tells Davos Dalian event
Beijing's recent investigation into three Hong Kong-based brokerages—Futu Securities, Tiger Brokers, and Long Bridge—was driven by concerns over foreign exchange 'leakage' and protecting mainland retail investors, according to Hong Kong's Financial Secretary Paul Chan Mo-po. The comments were made during a closed-door event in the Davos Dalian series.
- Netizen Voices: “Money Can’t Get Out, and Neither Can People”
Chinese regulators have restricted cross-border brokerage apps like Futu, Tiger Brokers, and Long Bridge, prohibiting mainland investors from accessing overseas stocks without licenses. The policy, criticized online as limiting both capital and people's mobility, could impact up to HK$250 billion in assets held by mainland investors in Hong Kong. Hong Kong banks now require mainland clients to declare funds originate overseas, tightening capital controls.