China Shut the Door on Two Online Brokers. Then Their Stock Prices Boomed.

China Shut the Door on Two Online Brokers. Then Their Stock Prices Boomed. By Sea Freight

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https://www.wsj.com/finance/stocks/china-shut-the-door-on-two-online-brokers-then-their-stock-prices-boomed-82877f5e

When a Chinese regulator blocked investors from opening accounts with online brokers Futu and Up Fintech, it dealt a blow to the pair, which had for years seen mainland China as a key source of growth.

So why have the U.S.-listed stocks of the two companies surged since then?

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China Shut the Door on Two Online Brokers. Then Their Stock Prices Boomed. - WSJ