Suddenly!! Eight departments have comprehensively banned illegal cross-border stock trading, and Tiger and Futu fell more than 30% in pre-market trading! The China Securities Regulatory Commission plans to confiscate all illegal gains of domestic and foreign entities related to Tiger, Futu, and Changqiao, and impose severe penalties in accordance with the law! After the news release, Tiger Securities (Upward Rongke) fell 45% in pre-market trading in the US, and Futu Holdings also fell more than 30% Many existing cross-border stock traders are starting to panic, and these core "clearance rules" must be understood, which are related to your wallet: one ️⃣ Unidirectional lock: During the 2-year centralized rectification period, these overseas institutions are prohibited from providing you with services such as buying transactions and transferring funds. Only one-way selling transactions and fund transfers are allowed. two ️⃣ Property safety: The plan emphasizes that investors' property safety will not be affected by the rectification. You don't have to worry about your assets being directly confiscated, but you can't add positions or inject new funds into it anymore. three ️⃣ Legitimate channel retention: The rectification will not cut off the channels for investing in overseas markets such as Hong Kong stocks. In the future, domestic investors can still make overseas investments through legal and compliant channels such as the Hong Kong Stock Connect, QDII, and Cross border Wealth Management Connect. Catalyzing the narrative of "US stock market monetization", HYPE stands at the forefront of the trend One click transmission: https://app.hyperliquid.xyz/join/AICOIN88