China Trading Curbs May Hit $32 Billion in Hong Kong Assets, Citic Says

1 articles · Updated · Bloomberg · May 25

HK$200 billion to HK$250 billion of Hong Kong assets could be affected by China’s latest cross-border trading crackdown, according to a Citic Securities note.
The curbs target cross-border stock trading as Beijing tightens control over capital outflows, putting offshore assets linked to mainland investors under pressure.
Futu Holdings accounts for the biggest exposure at about HK$150 billion to HK$180 billion, while Tiger Brokers represents another HK$45 billion to HK$50 billion.
Including other brokerages caught in the clampdown, Citic said the market-wide impact could reach roughly $32 billion, underscoring the scale of Hong Kong’s reliance on such trading channels.

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