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In Depth: China Slams Door on Multibillion-Dollar Offshore Trading Loophole

By Yue Yue and Wang Xiaoqing
2026年06月05日 18:59
A sweeping two-year regulatory crackdown aims to dismantle the grey market that allowed mainland residents to trade global stocks

For more than a decade, millions of investors on the Chinese mainland have sidestepped the country’s strict capital controls by using slick internet brokerage apps to trade U.S. and Hong Kong stocks. That multibillion-dollar grey market is now facing eradication.

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