{"id":756942,"date":"2026-06-24T09:52:10","date_gmt":"2026-06-24T09:52:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/756942\/"},"modified":"2026-06-24T09:52:10","modified_gmt":"2026-06-24T09:52:10","slug":"exclusive-beijings-brokerage-probe-to-stop-leakage-paul-chan-tells-davos-dalian-event","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/756942\/","title":{"rendered":"Exclusive | Beijing\u2019s brokerage probe to stop \u2018leakage\u2019, Paul Chan tells Davos Dalian event"},"content":{"rendered":"

Beijing\u2019s recent investigation into three brokerages \u2013 Futu Securities, Tiger Brokers and Long Bridge \u2013 was partly driven by concerns over foreign exchange \u201cleakage\u201d and the need to protect mainland China\u2019s vast base of retail investors, Hong Kong\u2019s finance chief has said.<\/p>\n

At a closed-door C-Suite roundtable organised by the South China Morning Post on Wednesday, Financial Secretary Paul Chan Mo-po<\/a> said Beijing was overall \u201csupportive\u201d of Hong Kong\u2019s role as an international financial centre.<\/p>\n

But he added that the central government still needed to be cautious about potentially destabilising capital outflows and investor losses.<\/p>\n

\u201c[Beijing] wants Hong Kong to succeed, but at the same time, they have to do this carefully,\u201d Chan said.<\/p>\n

The round table discussion was held on the sidelines of the World Economic Forum\u2019s Annual Meeting of the New Champions, also known as \u201cSummer Davos\u201d, in Dalian, Liaoning province.<\/p>\n

\u201cBecause on the mainland, investors are mainly retail investors, while in Hong Kong, it\u2019s mainly institutional investors,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Beijing\u2019s recent investigation into three brokerages \u2013 Futu Securities, Tiger Brokers and Long Bridge \u2013 was partly driven…\n","protected":false},"author":2,"featured_media":756943,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[49942,64,63,3686,99,362160,227353,164,362162,10340,362161,44,230222,15216,28765,362164,361786,362163,40650],"class_list":["post-756942","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asian","tag-au","tag-australia","tag-beijing","tag-business","tag-cross-boundary-wealth-management-connect-scheme","tag-dalian","tag-economy","tag-futu-securities","tag-hong-kong","tag-long-bridge","tag-news","tag-paul-chan-mo-po","tag-scmp","tag-south-china-morning-post","tag-stock-connect-scheme","tag-summer-davos","tag-tiger-brokers","tag-world-economic-forum"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/756942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=756942"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/756942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/756943"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=756942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=756942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=756942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}