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Chinese brokers race for Singapore talent to drive ASEAN growth

Tiger Brokers, Futu Securities eye Thailand, Malaysia amid Beijing's tech crackdown

Two Chinese share brokerages are tapping Singapore for talent as they target growth in Southeast Asia. (Source photo by Ken Kobayashi)

SINGAPORE -- China's Tiger Brokers and Futu Securities are rushing to snap up staff in Singapore as they push to expand their internet stock trading platforms in Southeast Asia amid a crackdown on the tech sector back home.

The Singapore heads of the two Nasdaq-listed discount brokerages told Nikkei Asia in separate interviews that they plan to ramp up hiring this year in the city-state -- the base for their drive into the 10-member Association of Southeast Asian Nations and its 650 million people.

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