Tiger Brokers to Halt New Mainland China Positions
Tiger Brokers will bar mainland China investors from adding new positions from June 12. The move follows a directive to wind down accounts deemed illegal.
Tiger Brokers will bar investors in China from adding to their positions starting June 12 while they are physically on the mainland. The move follows a May 27 regulatory tightening where Beijing labeled such cross-border brokerage accounts illegal. Investors have a two-year grace period as online brokerages wind down these mainland activities.
### Beijing Tightens Grip on Offshore Trading The Singapore-headquartered firm issued the notice to clients on Tuesday midday. Under the new rules, investors can still buy or sell securities from existing accounts when they travel offshore. This restriction follows mandates from the Chinese regulator regarding the legality of these accounts.
