Beijing’s brokerage probe to stop ‘leakage’, Paul Chan tells Davos Dalian event

Beijing's recent investigation into three Hong Kong-based brokerages—Futu Securities, Tiger Brokers, and Long Bridge—was driven by concerns over foreign exchange 'leakage' and protecting mainland retail investors, according to Hong Kong's Financial Secretary Paul Chan Mo-po. The comments were made during a closed-door event in the Davos Dalian series.