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The Nexus
BUSINESSMay 29 · 06:32 UTCSCMP WORLDPeggy Ye

Futu first-quarter profit down 61% following US$272 million regulatory fine

Futu Holdings reported a 61.2% decline in first-quarter profit to HK$831 million due to a US$272 million regulatory fine. Mainland Chinese clients account for approximately 20% of its assets and revenue, with analysts warning that Beijing's crackdown on cross-border trading may hinder future earnings growth.

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Futu HoldingsorganizationNasdaqorganizationBeijingplacecross-border tradingtopicmainland Chinese clientstopic
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