Founder of Futu: Will Actively Embrace Regulation and Steadily Advance Subsequent Compliance Work

BlockBeats News, May 28th, Futu Holdings (3588.HK) founder Leaf Li responded to investors' questions at the company's Q1 2026 earnings conference, stating that the industry-wide rule adjustments issued by China's regulatory authorities on May 22nd regarding mainland investors' cross-border securities, futures, and fund business are unified requirements for the entire industry. In response to the two-year rectification period for mainland clients, the requirement is not to close accounts but to restrict inward remittance and purchasing within the mainland. The company will actively embrace regulation and steadily advance subsequent compliance work in strict accordance with the guidelines. It is expected that this regulatory rule update will not have a substantial impact on Futu's annual target of 800,000 new clients.

Leaf Li stated that Futu had already completely ceased opening accounts for mainland clients with Chinese identity and had continuously strengthened the account opening review process, rejecting tens of thousands of non-compliant account opening applications over the past two years. As of the end of the first quarter of this year, mainland clients accounted for approximately 13% of assets, approximately 17% of client assets, and contributed about 20% to revenue. In the future, the company is expected to further enter more international markets.