|Bid||7.35 x 800|
|Ask||7.35 x 800|
|Day's Range||7.07 - 7.51|
|52 Week Range||4.30 - 38.50|
|Beta (5Y Monthly)||1.87|
|PE Ratio (TTM)||81.68|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- China’s largest cross-border brokers plummeted in U.S. premarket trading after a central bank official questioned the legitimacy of their operations amid Beijing’s continuing crackdown on private enterprise.Most Read from BloombergA Deep Dive Into Squid Game's World of InequalityMeet Six People Fighting Water Scarcity Across the GlobeHamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaThe Terrifying Rise of Haunted TourismThese online brokers are engaged in “illegal fin
SHANGHAI (Reuters) -A Chinese central banker warned that online brokerages not licensed in China are acting illegally if they serve Chinese clients via the Internet, sending New York-listed shares of Futu Holdings Ltd and UP Fintech Holding sharply lower. Futu and UP Fintech shares slumped more than 20% in premarket trade on Thursday on Sun's remarks, the first official comments following recent media reports flagging regulatory risks facing online brokers.
Shares of UP Fintech (NASDAQ: TIGR) sank this week following indications that the company will soon face setbacks due to new regulations. The Chinese fintech stock closed out the week's trading down roughly 27%. China's state-backed media outlet The People's Daily published a report on Oct. 14 indicating that UP Fintech may face hurdles when the government implements new privacy standards in the beginning of November.