China: China Announced Proposed Penalties on Cross-Border Securities Business: What Overseas Institutions Should Watch?
By: Chloe Duan and Amigo L. Xie
On 22 May 2026, the China Securities Regulatory Commission announced proposed penalties against several overseas online brokerage firms for cross-border business activities. The regulator stated that their provision of brokerage services to mainland China investors violated China’s laws. Gains from these activities are to be confiscated and penalties imposed.
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