Futu expects mainland brokerage business to shrink but vows to keep Hong Kong outlets

Futu Holdings, the Nasdaq listed Chinese broker that was recently penalised by China’s securities regulator, said it expects a gradual fall off in mainland business but has no plan to cut Hong Kong outlets. Mainland Chinese-funded accounts had dropped to 13 per cent of its total and their combined size was 17 per cent of total client assets at the end of March 2026, the broker said in a briefing in Hong Kong on Monday, without providing comparison figures. “It will definitely see a gradual...