Tiger Brokers (formerly known as Tiger Securities) issued a statement on May 23 in its official community, firmly clarifying that recent claims alleging it ‘refused to cooperate with regulators’ or ‘actively defied regulatory authorities’ are ‘completely inconsistent with the facts.’ The company reaffirmed its commitment to complying fully with requirements set forth by the China Securities Regulatory Commission and other relevant regulatory bodies. According to the statement, since 2023 Tiger Brokers has ceased account openings for users holding mainland Chinese identification, halted all external advertising and marketing efforts, and continuously strengthened account verification, identity checks, and anti-fraud measures. As of the end of Q1 2026, assets belonging to mainland clients accounted for roughly 10% of the group’s total global assets; most of its resources now focus on overseas markets such as Singapore, Hong Kong, the United States, Australia, and New Zealand. Tiger Brokers emphasized that its communications with regulators have been ongoing since regulatory crackdowns commenced at the end of 2022, rather than being a reactive measure.
This statement directly responded to regulatory actions taken on May 22, when the Beijing Securities Regulatory Bureau issued a penalty decision finding that a subsidiary of Tiger Brokers operated unlicensed cross-border securities services on the mainland. Consequently, the subsidiary was fined and ordered to surrender illicit gains amounting to approximately 410 million RMB, while CEO Wu Tianhua received a warning and a fine of 1.25 million RMB on the same day.