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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16680384" data-attributes="member: 137766"><p>Full Orwell for the Chinese.</p><p></p><p><a href="https://seekingalpha.com/news/3752788-chinese-online-brokerage-houses-under-the-screener-for-regulatory-risks-peoples-daily" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3752788-chinese-online-brokerage-houses-under-the-screener-for-regulatory-risks-peoples-daily" target="_blank">Chinese online brokerage houses under the screener for regulatory risks: People's Daily</a></p><ul> <li data-xf-list-type="ul">With China's new personal data privacy being effective from Nov.1, Chinese online brokerages, Futu (NASDAQ:<a href="https://seekingalpha.com/symbol/FUTU" target="_blank">FUTU</a>) and UP Fintech (NASDAQ:<a href="https://seekingalpha.com/symbol/TIGR" target="_blank">TIGR</a>) are <a href="https://finance.yahoo.com/news/1-chinese-online-brokers-futu-113216625.html" target="_blank">facing regulatory risks</a>, Yahoo finance cited official People's Daily who said in an analysis on its website.</li> <li data-xf-list-type="ul">China will implement the Personal Information Protection Law, complementing the Data Security Law in regulating cyberspace and safeguarding national security.</li> <li data-xf-list-type="ul">The new rules will regulate export of personal data thereby presenting a challenge to online brokers that provide cross-border trading services to mainland Chinese citizens, the People's Daily said.</li> <li data-xf-list-type="ul">Sources say that apart from these two channels, China's securities regulator has not allowed any institutions to provide cross-border trading services to domestic investors.</li> <li data-xf-list-type="ul">While these brokerage houses do not have brokerage licenses on the mainland, but Chinese citizens can open accounts online after submitting personal information.</li> <li data-xf-list-type="ul">In its attempt to crackdown certain sectors, China's target is ranging from technology to cryptocurrency to property.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16680384, member: 137766"] Full Orwell for the Chinese. [URL='https://seekingalpha.com/news/3752788-chinese-online-brokerage-houses-under-the-screener-for-regulatory-risks-peoples-daily'] Chinese online brokerage houses under the screener for regulatory risks: People's Daily[/URL] [LIST] [*]With China's new personal data privacy being effective from Nov.1, Chinese online brokerages, Futu (NASDAQ:[URL='https://seekingalpha.com/symbol/FUTU']FUTU[/URL]) and UP Fintech (NASDAQ:[URL='https://seekingalpha.com/symbol/TIGR']TIGR[/URL]) are [URL='https://finance.yahoo.com/news/1-chinese-online-brokers-futu-113216625.html']facing regulatory risks[/URL], Yahoo finance cited official People's Daily who said in an analysis on its website. [*]China will implement the Personal Information Protection Law, complementing the Data Security Law in regulating cyberspace and safeguarding national security. [*]The new rules will regulate export of personal data thereby presenting a challenge to online brokers that provide cross-border trading services to mainland Chinese citizens, the People's Daily said. [*]Sources say that apart from these two channels, China's securities regulator has not allowed any institutions to provide cross-border trading services to domestic investors. [*]While these brokerage houses do not have brokerage licenses on the mainland, but Chinese citizens can open accounts online after submitting personal information. [*]In its attempt to crackdown certain sectors, China's target is ranging from technology to cryptocurrency to property. [/LIST] [/QUOTE]
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