https://www.financemagnates.com/forex/brokers/exclusive-australian-brokers-split-on-overseas-clients/
......To our best knowledge, there is a big number of other companies that appear to continue operating as usual, at least when it comes to non-Chinese clients......
......Some brokers have even acquired documents that show ASIC that they are legally allowed to operate in China. The relationship between Australian and Chinese regulators over recent quarters has become detrimental to the industry, and many brokers believe that ASIC is greatly abusing its powers.
That said, the Australian watchdog is preparing to enforce its product intervention powers in the near future.........
......China and.. Hong Kong
While ASIC regulated brokers have been divided about the rest of the world, their operations in China have been on a decline in recent quarters. The companies have been looking for ways to continue operating, but most of them encountered pressure from local authorities and significant hurdles,
especially when it comes to taking money out of China.
Meanwhile, according to an email from OANDA Australia to a client in Hong Kong, the company stops servicing its clients in the area. The customer is not even offered the opportunity to migrate the account, as the broker states implicitly that all positions should be closed no later than the 12th of July.
OANDA Australia also states that it will automatically close the account before the 19th of July. After the escalation in tensions between China and Hong Kong, it appears that brokers are also reassessing their presence in the Chinese special administrative region.
https://www.regulationasia.com/sfc-warns-fx-brokers-against-servicing-mainland-clients/
SFC Warns FX Brokers Against Servicing Mainland Clients
大陸仔

