Under regulatory pressure, the exit of existing clients is only a matter of time, and the mainland story of cross-border brokers is essentially over.

ME News Report, May 22 (UTC+8), Futu responds: We have previously fully ceased opening accounts for applicants with mainland China 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 asset-holding clients from mainland China within the entire group has decreased to 13%.
(Source: ODAILY)