On May 22, 2026, according to a single source, the China Securities Regulatory Commission, in conjunction with the Ministry of Industry and Information Technology, the Ministry of Public Security, the People's Bank of China, and other eight departments jointly issued the "Implementation Plan for Comprehensive Rectification of Illegal Cross-border Securities, Futures, and Fund Operations," proposing to focus on rectification for about two years and completely eradicate illegal cross-border securities, futures, and fund operations carried out by foreign entities within the country. On the same day, the CSRC announced an investigation into TigerBrokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited, confirming that their relevant entities had conducted securities trading marketing and promotion activities within the country without approval and without obtaining securities brokerage and margin financing licenses, constituti

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