Futu Holdings (03588.HK) founder Li Hua told investors at the firm's 2026 Q1
results meeting that the May 22 industry-wide rules on mainland investors'
cross-border securities, futures and funds are a uniform sector requirement. He
said the two-year remediation period limits onshore deposits and purchases
rather than mandating account closures. Futu will actively comply with the
guidance and expects the update will not materially affect its full-year 800,000
new-client acquisition target. The firm had already stopped opening accounts for
mainland ID holders and tightened onboarding, rejecting tens of thousands of
non-compliant applications over the past two years. As of end-Q1, customers with
mainland assets accounted for about 13% of clients, roughly 17% of client assets
and about 20% of revenue. Futu said it plans further international market
expansion.
