Hedge Funds Backing Futu, Up Fintech Hit by China Crackdown

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Bloomberg Markets 2 days ago • bloomberg.com

Hedge Funds Backing Futu, Up Fintech Hit by China Crackdown

China’s crackdown on cross-border trading sent the shares of popular brokers Futu Holdings Ltd. and Up Fintech Holding Ltd. plummeting, threatening pain for hedge funds and other investors who back these firms.

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