Chinese-backed online broker Moomoo tests Japan’s market-entry regime

Regulatory action revives concerns over foreign acquisitions of Japanese brokerages Chinese-backed online brokerage Moomoo entered Japan in 2022 but is now subject to disciplinary recommendations by the country's Financial Services Agency. (Source photos by Ryuta Minamihata and Manami Yamada) TOKYO — As foreign companies step up acquisitions as a means to enter Japan's brokerage market, enforcement action by the country's financial watchdog against Chinese-backed online brokerage Moomoo Securities Japan has raised broader questions over whether the country's licensing and supervisory framework is equipped to oversee such entrants.

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