A major collapse accident occurred at the Liushenyu Coal Mine in Shanxi. The official initial report stated 8 deaths, but after multiple revisions, the final death toll was announced as 82. The involved enterprise was exposed for severe cover-ups and illegal operations using AB blueprints.
On May 22, 2026, the securities regulator and seven other departments issued a plan to crack down on illegal cross-border securities business, and plan to impose fines totaling more than 2.2 billion yuan on Futu and Tiger; both stocks fell 30 to 40 percent before the open.
The Chinese Communist Party's securities regulator announced a crackdown on cross-border brokerages such as Futu and Tiger, accusing them of doing business with domestic residents without a license. The news sent the two companies' shares plunging 30% to 40% in pre-market trading in the US.
An “Overseas Surrogacy Agency Agreement” signed “Tian Jing” was disclosed, with handwriting said to closely resemble Jing Tian’s own, sparking surrogacy rumors.
On the evening of May 22, 2026, a major gas explosion occurred at the Liushenyu Coal Mine of the Tongzhou Group in Qinyuan County, Changzhi, Shanxi, leaving 82 dead, 2 missing and 128 injured. It is the most serious coal mine safety disaster in China in nearly 17 years.
In May 2026, Li Hua, founder of Futu Securities, was fined over $270 million for "illegally facilitating cross-border investments." Futu stated that only 17% of its client assets originated from accounts in mainland China.
As of May 22, 2026, the combined net financing of urban investment bonds in Guangdong, Beijing, Shanghai and Fujian exceeded 150 billion yuan, accounting for 72% of the national total net financing.
On May 22, 2026, eight departments including the China Securities Regulatory Commission (CSRC) jointly issued a plan announcing a two-year campaign to completely ban illegal cross-border securities and futures activities. The plan specifically named Futu Securities, Tiger Brokers, and Longbridge Securities for illegal operations, proposing to confiscate illegal gains and impose fines.
On May 22, 2026, the Luchuan County Public Security Bureau in Guangxi announced that a knife attack had occurred locally, leaving 2 civilians and 5 police officers handling the case injured; the suspect was caught at the scene. Online reports said onlookers at the scene had cheered.
On May 22, 2026, the Henan Blue Sky Rescue team issued a notice stating that three teams from Yichuan, Yiyang, and Song County had traveled to Changde, Hunan to carry out rescue work and posted videos without completing the filing and approval procedures, and ordered all personnel to withdraw and issued internal written warnings.
On May 22, 2026, a truck driver in Ankang, Shaanxi carried two foreign tourists, including the well-known American podcast host Friedman, and because he worried that their identities were those of spies, he recorded video throughout the journey as a precaution; after the video was reported by the media, it sparked heated discussion.