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A ban would affect a big chunk of business at firms like Futu, the two sources said. About 40per cent of Futu's clients have opened their trading accounts with Chinese ID cards, said one of them. Most other accounts have been opened by those with U.S., Singapore and Hong Kong IDs.
https://www.channelnewsasia.com/bus...tory-crackdown-online-brokers-sources-2386841
https://www.channelnewsasia.com/bus...tory-crackdown-online-brokers-sources-2386841