How much in assets do the penalised brokers manage for Chinese investors?

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The penalised brokers manage approximately US$32 billion in assets for Chinese investors.

The three brokers, Futu, Tiger, and Longbridge, were fined in May for facilitating overseas trading for mainland Chinese investors without the necessary licences. These firms collectively manage around US$32 billion in Hong Kong and overseas assets belonging to Chinese investors.
Penalties for Aiding Unlicensed Overseas Trading
In May, Chinese market regulators imposed significant fines on major online brokers Futu, Tiger, and Longbridge. The penalties were levied because these brokers were found to have assisted mainland Chinese investors in trading overseas assets despite not possessing the required licences for such activities.
Scale of Assets Managed by Penalised Brokers
According to the companies themselves, the three brokers collectively handle approximately US$32 billion. This figure represents the value of Hong Kong and overseas assets held by Chinese investors that are traded through these platforms.
Regulatory Action and Future Restrictions
Following the fines, authorities mandated that Futu, Tiger, and Longbridge must phase out their cross-border businesses within China over a two-year period. This directive is part of a broader effort by Beijing to "completely eradicate" unlicensed offshore securities operations and control capital outflows.

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How much in assets do the penalised brokers manage for Chinese investors?

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