China's securities regulator CSRC, other depts are mulling rules to regulate financial activities of Tiger Brokers, Futu Securities in mainland China: Securities Times
#China $TIGR $FUTU
China's CSRC, other depts are working to improve relevant regulatory rules to strengthen supervision and law enforcement, protect legitimate rights and interests of investors: Securities Times cites sources
$TIGR $FUTU #China
$FUTU, $TIGR plunge in US premarket trading, last down about 4.5%.
CSRC to regulate online brokers' crossborder businesses: Securities Times
#China $TIGR $FUTU

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More from @Sino_Market

15 Oct
#Evergrande CEO in talks for restructuring, asset sale: RTRS
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#Evergrande has left its offshore investors in the dark about repayment plans after already missing three rounds of interest payments on its dollar bonds.
But payments on onshore bonds continue...
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15 Oct
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15 Oct
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14 Oct
$FUTU, $TIGR fall more than 3% in US premarket.

#China's state-owned newspaper People's Daily Online says internet brokerages providing cross-border services like Tiger Brokers, Futu Securities could face risks in user information security, legalization, and compliance. ImageImage
People's Daily Online cites Personal Information Protection Law that will take effect on Nov 1, 2021.
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14 Oct
Energy crisis has prompted a switch to oil that could boost demand by 500,000 bpd.
OECD commercial oil stocks fell by 23 mln barrels in Sept and are at their lowest since March 2015.
High energy prices could add to inflation that, along with power outages, lowers industrial activity and slows growth.
OPEC+ effective spare capacity could fall below 4 mln bpd by Q2 2022 from 9 mln bpd in Q1 2021.
Shrinking global spare capacity underscores need for increased investment to meet future demand.
Oil demand will exceed pre-pandemic levels in 2022, rising 3.3 mln bpd to 99.6 mln bpd.
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