TechFlow news: On May 22, according to Yicai News, Futu Holdings’ U.S.-listed shares fell over 40% pre-market. According to reports, China’s Securities Regulatory Commission (CSRC) plans to confiscate all illegal gains generated by Tiger Brokers, Futu Holdings, and Longbridge—both domestically and overseas—and impose strict legal penalties. In response, a company customer service representative stated that the company has noted the relevant regulatory developments and is carefully reviewing the details; it will issue an official response once information is complete. Currently, the company’s business operations remain normal, and customers’ account assets and all services are unaffected.
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