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Futu responds: The proportion of clients with assets in Mainland China has dropped to 13%.

MeNews
ME News Report, May 22 (UTC+8), Futu responds: We have previously fully ceased opening accounts for applicants with mainland Chinese identification, and we continue to make efforts to combat fake account openings, rejecting tens of thousands of non-compliant account applications over the past two years.
Futu has always actively communicated with regulatory authorities and followed their rectification requirements. By the end of the first quarter of 2026, the proportion of clients with assets from mainland China among the total asset clients of the group has decreased to 13%.
(Source: ODAILY)
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UnderTheGlassDome
· 33m ago
This ratio dropped quickly enough; it was probably still quite high two years ago.
View OriginalReply0
FlowingColorfulInkHeart
· 7h ago
Communicating rectifications, following requirements, the language is very official but indeed taking action
View OriginalReply0
ZenOfZK
· 8h ago
Tens of thousands of rejections, how big must this counterfeiting industry chain be?
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GateUser-e1cfc287
· 8h ago
Futu's move this time is quite aggressive, directly cut to 13%, it seems the compliance pressure is really intense.
View OriginalReply0
DeltaSmile
· 8h ago
Completely halt new account openings, gradually phase out existing accounts, standard script
View OriginalReply0
GateUser-14d03834
· 8h ago
13% seems low, but the estimated absolute number is still quite large.
View OriginalReply0
MintColdBrew
· 8h ago
Crack down on fake account openings; Futu is quite proactive among brokerages, right?
View OriginalReply0
GateUser-0b71fc11
· 8h ago
Futu's response can be considered as submitting their assignment to the regulators.
View OriginalReply0
FoldedCosmosCat
· 8h ago
It should have stopped long ago; there are too many fake accounts, and real users are the ones getting scammed.
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