Users' funds potentially affected by Futu and Tiger platforms facing delisting may amount to $175 billion

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Mars Finance News: On May 22, according to the 2025 Q4 financial report released by Futu, as of December 31, 2025, total client assets on the Futu platform reached HK$1.23 trillion (approximately US$158.4 billion). It was also reported in a Futu report published by China Merchants Securities International on March 16 this year that the firm’s analysts said that the Greater China region still accounts for more than 80% of client assets on the Futu platform.

If the amount of users’ funds on the Futu platform remains unchanged (almost the same as the comparison between Q3 and Q4 of last year), then in this serious crackdown by the China Securities Regulatory Commission on illegal cross-border business, only Futu—among the affected parties—would have user funds that are to be cleared out (with a 2-year rectification period to clean up existing business), and the cleared user funds would be at least approximately US$126.7 billion. If calculated at the same level, Tiger Securities (with AUM of US$60.8 billion in Q4 2025) could have approximately US$48.6 billion in user funds affected and potentially required to be cleared out. In other words, in this incident, the user funds potentially affected and required to be cleared out at Futu and Tiger Securities together total approximately US$175 billion.

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GateUser-739338fe
· 9h ago
$158.4 billion looking for a buyer, can Hong Kong banks handle it?
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NekoOnCall
· 9h ago
Existing funds are being withdrawn, and users are most worried about where their money is going.
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MinimalistSculpturePedestal
· 9h ago
Tiger Securities is relatively small in scale, but the proportion is not insignificant.
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MoonlightReef
· 9h ago
80% share in Greater China, withdrawal is almost like disarming oneself.
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BlueMultisig
· 9h ago
The regulatory iron fist has come down; cross-border brokers have no way out.
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GateUser-72e48736
· 9h ago
$175 billion needs to move; the market has to shake.
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BridgeSideBanter
· 9h ago
Futu's scale indeed faces significant pressure to withdraw.
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