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Futu founder: Will actively embrace regulation, strictly follow regulatory guidance, and steadily advance subsequent compliance work
Li Hua stated that Futu has already fully 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%, and corresponding revenue contribution was approximately 20%. The company also plans to expand into more international markets in the future.