Founder of Futu: We will actively embrace regulation and steadily promote subsequent compliance work in strict accordance with guidelines According to BlockBeats, on May 28th, Li Hua, founder of Futu Holdings (3588. HK), responded to investors' questions at the company's 2026 first quarter performance meeting, stating that the industry wide rule adjustment on cross-border securities, futures, and fund business for mainland investors issued by Chinese regulatory authorities on May 22nd is a unified requirement for the entire industry. The two-year rectification period for mainland customers is not a requirement to clear accounts, but to restrict deposits and purchases within the country. The company will actively embrace regulation and steadily promote subsequent compliance work in strict accordance with guidelines. It is expected that this regulatory rule update will not have a substantial impact on Futu's annual customer acquisition target of 800000. Li Hua said that Futu had previously completely stopped opening accounts for mainland clients, and continued to strengthen account opening audit. In the past two years, tens of thousands of applications for illegal account opening have been rejected. As of the end of the first quarter of this year, the proportion of asset customers in mainland China was about 13%, the proportion of customer assets was about 17%, and the corresponding revenue contribution was about 20%. In the future, the company is expected to enter more international markets. [Original link]