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Futu Founder Li Hua Pledges Compliance With China's Cross-Border Securities Rules as of May 28

GateNews

2026-05-28 12:41:35

FUTU2.09%

According to BlockBeats, Futu Holdings (3588.HK) founder Li Hua responded to investor questions on May 28 during the company's Q1 2026 earnings call, stating that China's regulatory framework update on cross-border securities and fund activities announced on May 22 applies to the entire industry. For mainland customers during the two-year remediation period, the requirement is not account closure but restrictions on domestic fund transfers and purchases. The company will embrace regulatory requirements and advance compliance work accordingly. As of the first quarter, mainland customers with assets represent approximately 13% of customer base, 17% of total customer assets, and contribute about 20% of revenues.

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