Dossier
cross-border securities businesses
Coverage of cross-border securities businesses in the Nexus archive.
- 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.