Menu

WSJ: China Shut the Door on Two Online Brokers

Brokers can generate significant income by investing client funds in low-risk securities and profiting from the interest rate spread. While this mirrors the traditional banking model, clients often overlook the interest rates offered. Jason Hsu notes that this interest rate differential is a crucial income source for brokers and significantly contributes to the revenues of companies like Futu and Up Fintech.

Read the Article (Subscription Required)

Explore More Media News

CNBC: Markets Have Decided to Ignore “Policy Proclamations” Out Of Beijing, Asset Management Firm Says

Discover more

TheStreet: Single Best Trade–Veteran Fund Manager Picks Chinese Stock

Discover more

MSN.com: ‘Stripped’ Treasury Bonds Are Hot Investments Now. What to Know Before You Jump In.

Discover more

ETF.com: Are U.S. Investors Missing International Opportunities?

Discover more