Futu Holding and UP Fintech Holding, two US-listed Chinese online brokerages, are set to face regulatory risks due to forthcoming China’s personal data privacy law. According to Reuters, the new ruling will take effect starting November 1 this year. The regulatory risks’ news was first reported by the official media outlet People’s Daily, which suggested that both firms could violate these privacy rules and also compliance risks. “Since our founding, Futu has insisted that the protection of personal information and data is of top priority. Futu has been strictly complying with relevant laws and regulations. Going forward, we will continue...