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Founder of Futu: Will actively embrace regulation, strictly follow guidelines, and steadily advance subsequent compliance work

MarsBitNews
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Mars Finance News, on May 28, Futu Holdings (3588.HK) founder Li Hua responded to investor questions at the company's Q1 2026 earnings meeting, stating that the industry-specific rules adjustment for cross-border securities, futures, and fund businesses for mainland investors released by Chinese regulators on May 22 is a unified requirement for the entire industry. Regarding the two-year rectification period for mainland clients, it does not require account withdrawals but restricts inbound deposits and purchases within the country. The company will actively embrace regulation and strictly follow guidelines to steadily advance subsequent compliance work. It is expected that this regulatory update will not have a substantial impact on Futu's annual customer acquisition target of 800k. Li Hua said that Futu has previously completely ceased opening accounts for mainland clients and has continuously strengthened account review processes, rejecting tens of thousands of non-compliant account applications over the past two years. As of the end of Q1 this year, mainland clients with assets accounted for about 13%, client assets accounted for about 17%, contributing approximately 20% of revenue. The company also plans to enter more international markets in the future.
FUTU0.4%
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GateUser-6bc62511
· 6h ago
From "playing on the edge" to "embracing regulation," the times have changed
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StopMessingAroundWithGasFees.
· 6h ago
Reject a large number of non-compliant applications, early screening for peace of mind
View OriginalReply0
0xCandleQuiet
· 6h ago
The goal of acquiring 800k customers remains unchanged, indicating confidence in overseas growth.
View OriginalReply0
RecedingTideAfterTheRain
· 6h ago
13% of mainland assets, the impact on the day of the cut is controllable
View OriginalReply0
RiskOffRina
· 6h ago
Two-year rectification period + no refunds, the policy's bottom line is milder than expected
View OriginalReply0
SunshineCollector
· 6h ago
During the painful transition to compliance, Futu's move is steady.
View OriginalReply0

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