Futu’s Response: The proportion of clients with assets in mainland China has dropped to 13%

According to Securities Times, on May 22, the China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission (SFC) of Hong Kong jointly issued notices updating guidance on cross-border securities, futures, and fund business activities involving mainland Chinese investors. Futu stated that these guidelines and regulations represent unified industry-wide requirements, and it will steadily advance its compliance efforts strictly in accordance with regulatory requirements. Futu emphasized that it had earlier completely ceased opening accounts for applicants holding mainland Chinese identity documents and has continuously strengthened efforts against fraudulent account openings—rejecting tens of thousands of non-compliant account applications over the past two years. Futu has consistently engaged proactively with regulators and adhered to their rectification requirements. As of the end of Q1 2026, mainland Chinese clients with assets accounted for 13% of the Group’s total clients with assets.