Futu Holdings has received investigation notices and preliminary penalty notices from the China Securities Regulatory Commission (CSRC) and the Shenzhen Securities Regulatory Bureau, indicating that some of its mainland and Hong Kong entities engaged in securities, fund sales, and futures business without permission, violating relevant regulations. The CSRC plans to impose a total fine of approximately 1.85 billion RMB and confiscate illegal gains, with founder and CEO Li Hua proposed to be fined 1.25 million RMB. The company states that the fines are still subject to subsequent procedures and the final decision of the CSRC.

MeNews

2026-05-22 16:57:16

Abstract generation in progress

ME News Report, May 22 (UTC+8), Futu Holdings (FUTU.O) announced today that the company has received a notice of investigation and a pre-notification of administrative penalty from the China Securities Regulatory Commission and its Shenzhen bureau. The CSRC pointed out that certain Futu entities in mainland China and Hong Kong have engaged in securities business, public fund sales, and futures business in mainland China without obtaining the necessary licenses or approvals, violating the Securities Law, the Securities Investment Fund Law, and the Futures and Derivatives Law of the People's Republic of China. The CSRC plans to order the relevant companies to correct or cease such activities, confiscate illegal gains, and impose fines, with a total proposed fine of approximately 1.85 billion yuan (about $271 million). Additionally, the CSRC plans to impose a personal fine of 1.25 million yuan (about $183,575) on the company's founder and CEO, Mr. Li Hua. Futu Holdings stated that the proposed fines are still subject to further procedures and the final decision of the CSRC. (Source: ChainCatcher)

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NeonMeltsIceCream

· 2h ago

In the era of compliance, unconventional methods no longer work

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MoonlightDisconnectSwitch

· 3h ago

Shenzhen Bureau + CSRC jointly take action, with high standards

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BridgeHopBella

· 3h ago

1.85 billion+ confiscated proceeds, double blow

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GateUser-8f9ccfec

· 3h ago

This penalty amount is probably among the top in brokerage history.

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TakeAScreenshotBefore

· 3h ago

Futu was fined quite heavily this time, 1.85 billion.

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Futu Holdings: The CSRC proposes a total fine of approximately 1.85 billion RMB for the company, and a personal fine of 1.25 million RMB for the company's founder.

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