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Crackdown on Illegal Cross-Border Securities Activities Begins; Longbridge and Futu Respond to Existing Account Arrangements

Crackdown on Illegal Cross-Border Securities Activities Begins; Longbridge and Futu Respond to Existing Account Arrangements

``` On May 22, the China Securities Regulatory Commission (CSRC) and seven other departments jointly issued the “Implementation Plan for the Comprehensive Rectification of Illegal Cross-Border Securities, Futures, and Fund Operations.” On the same day, regulatory authorities initiated investigations according to law into Tiger Brokers, Futu Securities, and Longbridge Securities for
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