China to crack down on illegal cross-border securities activities

​China's ‌regulators unveiled a ​two-year plan ‌on Friday to comprehensively crack down ‌on illegal cross-border activities ‌by businesses dealing in securities, futures ⁠and ​funds.

The ⁠plan, which targets ⁠overseas firms operating ​in China without approval, ⁠will impose a ⁠two-year ​grace period for winding down ⁠existing illegal businesses.