Futu's recent compliance actions are quite decisive; reducing the proportion of mainland clients to 13% indicates they are genuinely phasing out clients rather than just talking about it.

On May 22nd, the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission issued updates to the guidelines on cross-border securities, futures, and fund operations for mainland investors. Futu stated that the new guidelines are industry-wide unified requirements, and will steadily promote compliance in accordance with regulatory demands, having stopped opening accounts for mainland identities and continuing to crack down on fake account openings, with tens of thousands of non-compliant applications rejected in the past two years. By the first quarter of 2026, the proportion of mainland asset clients decreased to 13%.