Tiger customers are mainly overseas, Singapore ☺️ Hong Kong
$UP Fintech(TIGR.US$ On October 28, Beijing time, in response to media reports on the scope of cross-border brokerage business, $Tiger Securities (TIGR) $ responded that the Group has always regarded legal compliance operations as a lifeline. Currently, more than 80% of incremental deposit customers come from overseas and will actively maintain communication with global regulators, adhere to the bottom line of compliance, and comply with regulatory requirements at all levels. It stated that Tiger Securities, like the business models of other US and Hong Kong brokerage firms, strictly complies with the requirements of regulations around the world. There are no changes or innovations in legal compliance; it only enhances the user experience through the power of Chinese technology. Currently, the Group holds securities licenses in Hong Kong, Singapore, New Zealand, Australia, the United States, etc., and has always strictly complied with relevant regulatory requirements to ensure the safety of clients' assets
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Elephant In The Room : There are chicken & duck statements/claims here by the Brokerages & the dude from the central bank official was saying; the latter said: " one company, registered in the Cayman Islands, received 80% of its funds from mainland China, while another Hong Kong-based company received 55%. He didn’t name the firms."
The Brokerages on the hand was saying "80% of the increased funding or accounts" was from overseas.
So, who's telling the truth?
T将军 : Now the news is flying all over the sky. How can I hear that Tiger is mainly 70-80% of the Chinese market, and Futu is 55%. Who should I trust
Stunfisk 2828282828282828: Yes , all this while i aldy suspested the culprits are those from the competitors...They will be happy to kill Futu and Tiger.