Chinese-backed online broker Moomoo tests Japan's market-entry regime

Business trendsRegulatory action revives concerns over foreign acquisitions of Japanese brokeragesChinese-backed online brokerage Moomoo entered Japan in 2022 but is now subject to disciplinary recommendations by the country's Financial Services Agency. (Source photos by Ryuta Minamihata and Manami Yamada)RYUTA MINAMIHATAJuly 21, 2026 11:11 JSTTOKYO -- As foreign companies step up acquisitions as a means to enter Japan's brokerage market, enforcement action by the country's financial watchdog against Chinese-backed online brokerage Moomoo Securities Japan has raised broader questions over whether the country's licensing and supervisory framework is equipped to oversee such entrants.