South China Morning Post
AsiaPac · 4 hrs ago
✦ 78◉ Centre
China’s Tiger Brokers reports strong results, with no mention of trading crackdown
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Quality 78/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline
Tiger Brokers reported strong first-quarter financial results with 17.5% year-on-year profit growth, though the company made no public mention of regulatory action being taken by China's securities regulator regarding alleged unlicensed cross-border trading.
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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