1x Up Fintech Holding Ltd. , which operates Tiger Brokers, will stop allowing investors on the Chinese mainland to open new positions or deposit funds from June 12, amid Beijing’s tightening controls on cross-border investing. These investors will still be able to sell holdings, close positions and withdraw funds, the Nasdaq-listed company said. The move follows a directive from China’s securities regulator and seven other agencies ordering offshore brokerages to wind down illegal mainland-facing services over a two-year transition period.
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