The user funds that may be cleared due to the impact on Futu and Tiger platforms may reach 175 billion US dollars According to BlockBeats, on May 22, according to the Q4 2025 financial report released by Futu, as of December 31, 2025, the total customer assets on the Futu platform reached HKD 1.23 trillion (approximately USD 158.4 billion). According to the Futu report released by CMB International on March 16th this year, analysts from the bank stated that the Greater China region still accounts for over 80% of the client assets on the Futu platform. If the amount of user funds on the Futu platform remains unchanged (almost unchanged in Q4 compared to Q3 last year), then in this serious investigation and punishment of illegal cross-border business cases by the China Securities Regulatory Commission, only Futu, which will be affected and have its funds cleared (with a 2-year rectification period for clearing existing business), will have at least approximately $126.7 billion in user funds. If calculated at the same level, the affected user funds that may be cleared on Tiger Securities (with an AUM of 60.8 billion US dollars in Q4 2025 report) are approximately 48.6 billion US dollars. In this incident, approximately 175 billion US dollars of user funds may be cleared due to the impact of Jifutu and Tiger Securities.