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Futu Holdings (FUTU.O): Total transaction volume in the second quarter of 2026 increased by 78.8% year-on-year to HK$6.42 trillion. Net profit increased by 41.6% year-on-year to HK$3.6419 billion (US$464.4 million). Adjusted non-GAAP net profit incre

2026-08-20

Futu Holdings (FUTU.O): Total transaction volume in the second quarter of 2026 increased by 78.8% year-on-year to HK$6.42 trillion. Net profit increased by 41.6% year-on-year to HK$3.6419 billion (US$464.4 million). Adjusted non-GAAP net profit increased by 40.1% year-on-year to HK$3.7251 billion (US$475 million).

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2026-08-20

A tropical depression in the South China Sea made landfall near Longlou town, Wenchang, Hainan at about 05:40 on the 20th, with maximum winds near the center of 6 on the scale (12 m/s) and central pressure 997 hPa. The system is forecast to move west

A tropical depression in the South China Sea made landfall near Longlou town, Wenchang, Hainan at about 05:40 on the 20th, with maximum winds near the center of 6 on the scale (12 m/s) and central pressure 997 hPa. The system is forecast to move westward across Wenchang, Haikou, Chengmai, Lingao and Danzhou and enter the Beibu Gulf by the afternoon to evening of the 20th, bringing heavy rain to northern and western Hainan.
2026-08-20

On August 19th, the Buffett Index (CSI 300 market capitalization/GDP) fell to 91.76%; the equity risk premium (ERP) of the CSI 300 Index, a stock-bond ratio indicator, was 5.36%, fluctuating mainly around 5.2% since July, at the lower end of its fluc

On August 19th, the Buffett Index (CSI 300 market capitalization/GDP) fell to 91.76%; the equity risk premium (ERP) of the CSI 300 Index, a stock-bond ratio indicator, was 5.36%, fluctuating mainly around 5.2% since July, at the lower end of its fluctuation range since October 2024, suggesting that the current advantage of stocks relative to government bond yields is generally limited. -------- Note: 1. The Buffett Index compares the total market capitalization of the stock market to GDP to determine whether the stock market is currently overvalued. Generally, 70-100% is considered a normal valuation, below this range is considered undervalued, and above this range is considered overvalued. 2. The risk premium (ERP) of the CSI 300 Index is mainly compared with the returns of the CSI 300 and the yield of government bonds. Statistics from the past 10 years show that this indicator has a clear inverse relationship with the stock index. Every time the stock market is in the bottom area, the risk premium exceeds 6%. That is, when ERP ≥ 6%, the stock market has investment value, while when ERP ≤ 4%, the stock market is often close to or at a stage high, the investment value is low, and there is even a risk of correction.
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