Brokerages from China that have licenses outside the country faced the latest uncertainty in regulation. Financial officials noticed that these companies work illegally.
It is important to note that a number of Chinese services are working, have foreign documents, licenses and supply Chinese customers with tools and solutions. These brokers mostly provide financial services with Hong Kong or US-listed stocks to investors and traders in China.
In addition, many foreign trading firms take users from mainland China without having any local license.