Futu Founder Li Hua: Will Actively Embrace Regulation, Full-Year Target of 800,000 New Clients Expected to Remain Unaffected

Foresight News reports, according to Securities Times, Futu Holdings (3588.HK) founder Li Hua responded to investor inquiries during the company's Q1 2026 earnings call, stating that the regulatory adjustments announced on May 22 regarding cross-border securities, futures, and fund business rules for mainland investors are unified requirements for the entire industry. The two-year rectification period for mainland clients does not mandate account closures but rather restricts deposits and purchases within mainland China. The company will actively embrace regulation and strictly follow guidelines to steadily advance subsequent compliance efforts. Li Hua expects that the updated regulatory rules will not have a substantive impact on Futu's full-year target of acquiring 800,000 new clients. He noted that Futu had already ceased opening accounts for mainland identity clients and has continuously strengthened account opening reviews, 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 approximately 13% of the total, with their assets representing about 17%, and corresponding revenue contribution around 20%. Looking ahead, the company plans to expand into more international markets.