China Regulators Issue Crackdown Plan on Illegal Cross-Border Securities Operations

GateNews
According to Shanghai Securities News, eight Chinese regulatory authorities, including the China Securities Regulatory Commission (CSRC), recently issued a comprehensive implementation plan to eliminate illegal cross-border operations by foreign securities, futures, and fund institutions. The plan aims to end the unregulated growth of unlicensed cross-border online brokers and reinforces that institutional operations must prioritize investor protection. Following the exit of illegal platforms, licensed domestic securities companies with compliant cross-border business qualifications are expected to gain new business growth opportunities.
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