Tiger Brokers' subsidiaries have been fined RMB 308.1 million by the Beijing Branch of the China Securities Regulatory Commission (CSRC) for engaging in unlicensed cross-border securities activities and illegal fund and futures-related operations within mainland China. The CSRC's investigation also led to the confiscation of illicit gains amounting to RMB 103.1 million.
Additionally, Wu Tianhua, the director, CEO, and actual controller of Tiger Brokers, received a warning and a personal fine of RMB 1.25 million. As of the end of 2025, retail client assets in mainland China represented about 10% of the company's total client assets.
Tiger Brokers Subsidiaries Fined RMB 308.1 Million for Illegal Activities in China
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