State media questions Futu, Tiger Brokers’ ability to meet requirements of China’s strict new data protection law

Futu Holdings said it is checking its use of client information after state media questioned the ability of online brokers to handle Chinese investors’ personal data for cross-border trading of stocks.Nasdaq-listed Futu told the South China Morning Post on Thursday that it was studying the new Personal Information Protection Law (PIPL) in China, and had arranged a team to check and optimise its own operations.“Futu has also maintained regular self-examination and self-inspection to further…


See also  A TikTok clone is topping the charts by paying users to watch videos

Leave a Reply