Cross-Border Brokerage Regulation

Cross-border brokerage regulation is the compliance perimeter around overseas securities firms serving mainland Chinese investors. In EP89 海外券商大地震，跨境投资新时代, the issue is not only whether platforms such as Futu Securities, Tiger Brokers, and Longbridge are regulated somewhere overseas; it is whether they can lawfully solicit mainland users, support continued buying, and accept funds whose declared purpose fits Chinese foreign-exchange rules.

Key Claims

• Overseas regulatory status or public listing does not automatically authorize a broker to conduct mainland Chinese securities business.
• App-store availability, Chinese-language content, referral campaigns, and self-media account-opening tutorials can become part of the mainland solicitation problem.
• Existing investor property is treated differently from new solicitation and new purchases: the episode presents the cleanup as preserving ownership while limiting future buying through restricted channels.
• Brokerage compliance depends on investor identity, residence, tax status, source of funds, login behavior, funding source, and whether investment activity happens inside or outside the mainland.
• The regulation ties together Capital Account Investment Restrictions, Cross-Border Fund Transfer Risk, Banking KYC Compliance, and internet-platform controls.

Connections

• China Securities Regulatory Commission, People’s Bank of China, and State Administration of Foreign Exchange — financial regulators connected to securities, monetary, and FX sides.
• Futu Securities, Tiger Brokers, and Longbridge — named platform examples.
• Hong Kong Stock Connect, QDII Allocation, and Cross-Border Wealth Management Connect — compliant routes discussed in contrast.
• Investment Risk Management — regulatory route risk is part of the investor’s real risk set.