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Gold
One platform for global traditional assets
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Hot
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Unlock full access to global stock IPOs
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Trade on-chain assets and earn airdrops
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Earn futures points and claim airdrop rewards
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Yesterday's market biggest breaking news, bar none!
Futu pre-market plummeted 30%, Tiger directly dropped 40%.
The reason is simple: the government intervened, completely shutting down the gray channels for cross-border stock trading.
It means you can still trade Hong Kong and US stocks, but cannot use apps like Futu and Tiger.
Old accounts are given 2 years, only able to sell, cannot buy, and cannot deposit money.
After 2 years, the relevant apps will be fully removed domestically, and servers shut down.
Futu, Tiger, and Changqiao, the three leading platforms, plan to confiscate all illegal gains.
Many are calculating, Futu's client assets amount to $158.4 billion, Tiger's $60.8 billion, nearly 1.5 trillion yuan in total funds between the two platforms.
Everyone is guessing whether funds will flow back into A-shares, and whether next week's market will explode?
Some may also flow into the crypto circle! 😂