Chinese brokerages fall in line with Beijing's clean-up of overseas stock trading; Orient Securities to bar mainland clients from buying shares and funding accounts from Wednesday

Some Chinese brokerages have begun clearing out non-compliant overseas stock trading by mainland investors, with Orient Securities notifying its mainland clients that they will be barred from buying shares and transferring funds in from Wednesday. This round of regulatory clean-up began a few months ago with fines on Tiger Securities and Futu Securities International.