Brokerages

Traders bought US options in Chinese brokerages right before a May 22 crackdown

A second office is set to open in the fourth quarter of 2026

Income from Hong Kong and overseas brand Moomoo should easily offset pressure from the ban

All three brokerages assure users in Singapore that business continues as usual

Brokers are prioritising overseas growth to escape intensifying competition in the domestic market

The service halts are in line with regulators’ requirements for overseas institutions to wind down prohibited activities

However, they can buy or sell securities from existing accounts when they travel offshore

The group is putting up to US$50 million towards a year-long share buyback programme

But market observers note that the separation between customers’ funds and a company’s assets ‘is not completely airtight’