China CSRC and seven other departments say they will establish a routine collaborative regulatory mechanism to conduct comprehensive monitoring and inspections

Newsquawk StaffPublished 22 May 2026, 08:34 UTCOn the live feed at 08:14 UTC — 3 more headlines followed before this page went public

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08:18

US Secretary of State Rubio says President Trump is disappointed with some NATO allies; meeting will set groundwork for NATO leaders summit

08:16

Al Arabiya and Al Hadath exclusively obtains the text of the anticipated agreement between US and Iran in case of its approval [DETAILS BELOW]

08:14

China CSRC and seven other departments say they will establish a routine collaborative regulatory mechanism to conduct comprehensive monitoring and inspections

08:07

Ukrainian President Zelensky says Ukraine attacked Russian oil refinery in Yaroslavl (300k BPD)

08:02

TotalEnergies (TTE FP) said to mulling stake sales in some green EU assets, Bloomberg reports

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Regulators will summon and interview illegal cross-border overseas institutions to enforce compliance, conduct investigations into illegal entities, launch criminal investigations against suspects, and ensure divestment of illegal operations by domestic subjects.
They will establish a routine collaborative regulatory mechanism to conduct comprehensive monitoring and inspections, report major problem clues, and promptly clean up internet platforms, advertisements and information involving illegal cross-border operations.
Illegal existing businesses will be cleaned up within a two-year period, overseas institutions will be prohibited from providing buying trades or fund inflows for existing domestic investors and allowed only outflows via selling trades, and websites and trading software must be completely shut down after the deadline.
Overseas marketing, account openings, trades and fund transfers for mainland clients will be banned.
CSRC plans penalties against Futu Holdings (FUTU), Up Fintech’s Tiger Brokers (TIGR) and Longbridge Securities, including confiscating illegal gains.

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