The total revenue of Futu in 2025 is approximately HKD 22.85 billion, with an annual trading volume of approximately HKD 14.68 trillion; Tiger's total revenue in 2025 is approximately 612.1 million US dollars, with a net profit of approximately 170.9 million US dollars; Changqiao is not listed and has not disclosed complete revenue data. However, public information shows that user assets will increase by 220% year-on-year in 2025, with a total nominal order value of approximately $1.5 trillion. The scale is not small but the transparency is low. According to current public information, Futu will be fined approximately 3-8 billion RMB. Tigers will be fined 800-25 billion yuan.