Ft

China closes the door to two online brokers. Then their stock prices exploded.

China closes the door to two online brokers. Then their stock prices exploded.


When a Chinese regulator prevented investors from opening accounts with online brokers Futu and Up Fintech, this was a blow to the couple, who had seen for years mainland China as a key source of growth.

So why have the two companies’ U.S.-listed shares jumped since then?

Copyright ©2023 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8


Wj

Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
Back to top button