Futu: There is no bad regulatory record, the capital is also very sufficient, and there is no problem of bankruptcy

The Paper's reporter Sun Mingwei

The issue of supervision of cross-border Internet brokers has been the focus of the market's recent attention, and on October 28, futu's pre-market stock price fell sharply due to the impact of central bank officials' naming.

In this regard, Li Hua (flower name: Ye Zige), the founder of Futu Futu, made a statement in the community "Cow Cow Circle" of Futu APP that Futu Securities is a licensed institution established in Hong Kong, holding licenses No. 1, 2, 3, 4, 5, 7 and 9 issued by the Hong Kong Securities and Futures Commission and subject to the regulation of the Hong Kong Securities and Futures Commission. In addition to the use of technology and the innovation component based on technology, taking the business related to the Type 1 securities trading license as an example, Futu Securities has the same business model as foreign, domestic and Hong Kong-funded banking and securities institutions holding similar licenses in Hong Kong.

"Since becoming a licensed institution regulated by the Securities and Futures Commission of Hong Kong, Futu Securities has been in good working order and has no bad regulatory record. Most of the more than HK$15 billion raised by the parent company Futu Holdings in the past year or so has also been used to support the business operations of Futu Securities, so the capital is also very sufficient. There is no problem of bankruptcy. Li Hua responded to market rumors in the article that there was no problem of bankruptcy.

In addition, Li Hua also said that the "risk-based" financial regulatory system and the effectiveness and transparency of supervision are important reasons for Hong Kong's emergence as one of the leading international financial centres. "As a client of Futu Securities, your assets, personal data and other private information have always been effectively regulated and protected."

Editor-in-Charge: Wang Jie