In response to the request of cross-border securities business reform, Futu Holdings and Tiger Securities will remove its APP in the domestic application market] in recent years, Futu Holdings and Tiger Securities have carried out cross-border securities business for domestic investors without the approval of the China Securities Regulatory Commission, and the China Securities Regulatory Commission has continued to promote the rectification of the illegal cross-border exhibition industry of the two companies. The market is also concerned about the rectification and reform of illegal cross-border exhibition industry by overseas institutions. To this end, on the evening of May 16, Futu Holdings and Tiger Securities issued announcements one after another, saying that according to the requirements of the China Securities Regulatory Commission on the rectification of cross-border securities business, the two companies would remove their APP from the domestic application market. (Securities Daily)