Tiger Brokers and Futu Remove Trading Apps From Mainland Stores

What’s new: Two prominent Chinese online brokerages will remove their apps from Chinese mainland app stores later this week in response to a Beijing regulator’s crackdown on cross-border brokerage activities, the companies said.

Futu Holdings Ltd., backed by Tencent Holdings Ltd., and Tiger Brokers, operated by UP Fintech Holding Ltd., said existing clients on the Chinese mainland can continue to use their apps for making trades, and users outside the mainland, including those in Hong Kong, won’t be affected.