Thursday, October 28, 2021

Chinese banking official issues a warning to cross-border online brokerages operating with only overseas licenses, causing Futu, UP Fintech, and others to drop (Reuters)

Reuters:
Chinese banking official issues a warning to cross-border online brokerages operating with only overseas licenses, causing Futu, UP Fintech, and others to drop  —  Online brokerages not licensed in China are conducting illegal businesses if they serve Chinese clients via the internet …



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Sources: the US office responsible for the $52B CHIPS Act will lose ~40% of its staff, including ~40 who are probationary, as Trump cuts the federal workforce (Mackenzie Hawkins/Bloomberg)

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