Futu Holdings founder Li Hua announced the company's commitment to comply with recent regulatory adjustments issued by Chinese authorities concerning cross-border securities, futures, and fund activities. During the Q1 2026 earnings call, Li emphasized that the two-year remediation period for mainland clients will not necessitate account closures but will restrict deposits and purchases within the mainland.
Li assured investors that these regulatory changes will not significantly affect Futu's goal of acquiring 800,000 new customers this year. The company has already ceased account openings for clients with mainland China identification and has enhanced its account review process, rejecting numerous non-compliant applications. Mainland clients currently represent 13% of Futu's total clients and contribute 20% to its revenue. Futu plans to expand into additional international markets.
Futu Holdings to Comply with New Chinese Regulatory Adjustments
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