Chinese investors are rushing to find alternative ways to buy and sell overseas equities after Beijing launched its most forceful crackdown on illicit cross-border stock trading to stem capital outflows.
Richard Wang, who works in artificial intelligence in the US and has around $120,000 in stock holdings with Futu Holdings Ltd., said he dumped his US stocks on Friday after China moved with its most stern action yet to plug capital control loopholes. He’s waiting for the Hong Kong market to open again on Tuesday to sell his remaining…
