Tiger Brokers

Tiger Brokers is a Chinese online brokerage firm that has recently reported strong first-quarter financial results, with operating profit jumping 17.5% year-on-year to US$47.6 million and revenue climbing 26.3%. Despite these positive financial announcements, the company, along with Futu Securities and Long Bridge, is currently under investigation by Beijing's securities regulator. Hong Kong's Financial Secretary, Paul Chan, indicated that this probe is partly driven by concerns over foreign exchange "leakage" and the protection of mainland China's retail investors. The investigation specifically targets alleged unlicensed cross-border trading services. While Tiger Brokers' recent financial report did not mention the ongoing crackdown, the regulatory scrutiny highlights significant challenges and risks for the company and its operations within the Chinese market, underscoring the evolving regulatory landscape for financial technology firms in the region.