PANews|May 28, 2026 12:53
[Futu Founder Li Hua: Regulatory New Rules Do Not Change the Annual Target of 800,000 New Customers]
Futu Holdings founder Li Hua responded during the company's Q1 2026 earnings call, stating that the industry-wide regulatory adjustments for cross-border securities, futures, and fund businesses involving mainland investors, issued by the China Securities Regulatory Commission on May 22, are uniform requirements for the entire industry. Regarding the two-year rectification period for mainland clients, the regulations do not mandate account closures but rather restrict domestic fund inflows and purchases. Li Hua emphasized that Futu will actively embrace regulation and steadily advance compliance work in accordance with regulatory guidelines. He expects that this regulatory update will not affect the company's annual target of acquiring 800,000 new customers. Currently, clients with assets in mainland China account for approximately 13% of total customers, with asset contributions around 17% and revenue contributions about 20%. The company will continue to expand into more international markets in the future.
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