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$FTFT

Future FinTech Group Inc.

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MAY 20net (bullish − bearish)MAY 26
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No SEC Form 4 filings for $FTFT in the last 30 days.

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MAY 25·chiangraitimes.comHigh

China Cracks Down On Offshore Brokers: Tiger Brokers, Longbridge Face Massive Fines

China’s CSRC, with seven other agencies, announced a crackdown on overseas brokers operating cross-border securities, fund sales and futures trading in mainland China without required approvals. Targets include Tiger Brokers, Futu Securities and Longbridge Securities. CSRC proposed fines totaling about 2.3 billion yuan for Tiger and Futu (Futu 1.85b yuan; Tiger ~411.2m yuan). The firms face asset confiscation and leadership fines, and a two-year rectification period limits new mainland client on

DEC 18·TipRanks

Future FinTech Completes Sale of Non-Core Assets

Future FinTech Group (FTFT) has divested its subsidiary, Future Commercial Management (Hainan) Co., Ltd., for RMB 10,000,000, with the buyer assuming RMB 65,872,300 in liabilities. This strategic decision aims to reduce non-core assets and streamline financial obligations, allowing the company to focus on its core business of digitalized asset services and supply chain financing. The sale reflects a move towards increased operational efficiency and a stronger emphasis on its primary financial technology activities.

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