Beijing's Clampdown Sparks Unlikely Winners in the Shadows of Regulation The recent clampdown on cross border securities activity by Beijing has sent shockwaves through the industry.
Amidst the chaos, two online brokerages have emerged as winners: Tiger Brokers and Futu Holdings.
Their impressive second quarter growth, driven by expansion into Southeast Asia, the US, and Europe, highlights unintended consequences of regulation. Tiger Brokers' 31.