---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41066648.md"
description: "Latest Developments and Interpretation of the Futu and Tiger Brokers Client Wind-down EventBoth brokerages have just held conference calls with analysts and announced their fine amounts. Overall, the two types of regulatory actions this time—fines and the wind-down of existing business—are relatively mild:1. Fines: The preliminary fine amounts for both institutions have been announced, which are overall lower than market expectations (Futu: 1.85 billion yuan, Tiger: 410 million yuan).2. Wind-down of existing business: This control measure is centered on the client's actual place of residence (physical jurisdiction). The overseas trading and fund transfers of existing mainland clients are unaffected. On the domestic side, only selling and fund withdrawals are allowed.3. Details of the wind-down: It does not require mainland clients to liquidate their stock holdings and close their accounts within two years. Instead, it involves shutting down the domestic web servers after two years, prohibiting trading activities within mainland China. Clients located overseas can still deposit funds and trade normally.4. Scope of application: The new rules apply to all overseas institutions, covering all overseas financial entities providing securities services to mainland clients. It is not only targeting Futu and Tiger Brokers but also includes overseas banks providing securities-related services."
datetime: "2026-05-23T05:53:42.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41066648.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41066648.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41066648.md)
author: "[小美养家](https://longbridge.com/en/profiles/15147867.md)"
---

# Latest Developments and Interpretation of the Futu…


### Related Stocks

- [03588.HK](https://longbridge.com/en/quote/03588.HK.md)
- [FUTU.US](https://longbridge.com/en/quote/FUTU.US.md)
- [TIGR.US](https://longbridge.com/en/quote/TIGR.US.md)

## Comments (13)

- **Love_e86 · 2026-05-23T06:34:43.000Z · 👍 1**: I'm just curious, if I were the boss of a brokerage platform, what would happen if I didn't pay? Would I get beaten up? 🤣
  - **新能源_87ba4G** (2026-05-23T08:49:30.000Z): If penalties are not enforced, it does not meet the qualifications for holding key positions, and the brokerage license becomes invalid and can be revoked.
- **永陽員外 · 2026-05-23T06:32:24.000Z · 👍 1**: I'm from mainland China. I can use the software normally when I'm abroad, but I can't use it when I return to China. Is that what you mean?
- **Win-Win · 2026-05-23T06:11:24.000Z**: Existing mainland clients' overseas transactions and fund transfers are not affected; the domestic platform only allows selling and withdrawals;How to understand this?
  - **每天一百刀** (2026-05-23T06:58:07.000Z): Probably means that physically being in China makes it impossible to deposit money into a brokerage account.
  - **Win-Win** (2026-05-23T07:00:34.000Z): But I see that Longbridge can still be bought now, right?
  - **每天一百刀** (2026-05-23T07:08:09.000Z): My understanding is that you can't deposit money, but other functions are unaffected. Longbridge's penalty should be relatively light, and I estimate it won't be more than this. I wonder if this is pa