Dossier
mainland Chinese clients
Coverage of mainland Chinese clients in the Nexus archive.
- 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.