China online brokerage crackdown trims billionaire owner’s wealth
Culture Index
Score Breakdown
Relevance
9/25
Freshness
25/25
Authority
18/20
Brand Signal
14/15
Depth
6/15
5-Axis Cultural Radar
Chinese billionaire Leaf Li lost more than a quarter of his fortune on Friday after Beijing announced a crackdown on online brokerages offering unauthorised cross-border trading. Li’s wealth fell by US$1.7 billion, to US$4.7 billion, amid a stock rout for Futu Holdings, the company he founded and runs as chief executive officer, Bloomberg News said, citing its billionaires index. The tycoon’s fort
