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Futu Holdings Receives CSRC Notice of Proposed Fine of 1.85 Billion Yuan, Founder Faces 1.25 Million Yuan Penalty

GateNews

2026-05-23 14:02:24

FUTU-27.71%

According to ChainCatcher, Futu Holdings (FUTU.O) announced today (May 23) that it received investigation notices and administrative penalty pre-notices from the China Securities Regulatory Commission (CSRC) and its Shenzhen branch. CSRC stated that certain Futu entities in mainland China and Hong Kong conducted securities business, public fund sales, and futures business without obtaining required licenses or approvals, violating the Securities Law, Securities Investment Fund Law, and Futures and Derivatives Law. CSRC proposed to impose a total fine of approximately 1.85 billion yuan (about $271 million) and order the company to correct or cease such activities. Additionally, CSRC proposed a personal fine of 1.25 million yuan (about $183,575) against founder and CEO Li Hua. The proposed penalties are pending further procedures and final CSRC determination.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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