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China’s Tiger Brokers reports strong results, with no mention of trading crackdown

SCMP Hong Kong United States
China’s Tiger Brokers reports strong results, with no mention of trading crackdown
Tiger Brokers reported a 17.5 per cent year-on-year jump in first-quarter operating profit in an announcement on Tuesday, without any mention of the looming punishment from China’s securities regulator over alleged unlicensed cross-border trading services. Tiger Brokers said its operating profit rose to US$47.6 million in the three months ended March 31, while revenue climbed 26.3 per cent from a year earlier to US$154.9 million. The growth was driven by a 536 per cent surge in Hong Kong trading...
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