U.S.-based economists and business figures told The Epoch Times that Beijing’s crackdown on offshore stock-trading channels may make overseas investing harder for ordinary mainland Chinese investors, but is unlikely to end demand for assets outside China.
The comments followed an eight-agency campaign by Chinese authorities against offshore securities, futures, and fund platforms that had served mainland investors outside Beijing’s state-controlled investment channels.
The campaign has hit brokerages including Futu Securities International, Tiger Brokers, and Longbridge Securities. Chinese financial media also reported that Douyin, the Chinese sister app of TikTok, removed more than 1,500 pieces of content related to cross-border investing in roughly two weeks, including tutorials on opening Hong Kong bank cards and securities accounts….
Analysts Warn China’s Offshore-Trading Crackdown May Push Investors to Other Routes
