Two online brokerages to remove China apps as Beijing data crackdown widens

Two online brokerages to remove China apps as Beijing data crackdown widens

FILE PHOTO: A China yuan banknote and a computer keyboard are seen reflected on an image of Chinese flag in this illustration picture taken November 1, 2019. REUTERS/Florence Lo/Illustration

Online brokerages Futu Holdings Ltd and UP Fintech Holding Ltd will remove apps in mainland China amid Beijing’s sharpened focus on data security and capital outflows, triggering a heavy selloff in their New York-listed shares.

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