Beijing probe driven by ‘leakage’ concerns, Paul Chan tells Davos Dalian event

Beijing’s recent investigation into three brokerages – Futu Securities, Tiger Brokers and Long Bridge – was partly driven by concerns over foreign exchange “leakage” and the need to protect mainland China’s vast base of retail investors, Hong Kong’s finance chief has said. At a closed-door C-Suite roundtable organised by the South China Morning Post and the Hong Kong Investment Corporation (HKIC)