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

Futu’s flagship store in Hong Kong’s busy Causeway Bay shopping district, on May 26, 2026. Photo: Sam Tsang

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 decrease. Our principle is to handle it as quickly as possible,” said Futu Securities managing director Daniel Tse. “We must resolve compliance issues with a ‘client-first’ approach.”

While declining to disclose its mainland-funded accounts ratio after the penalty was imposed, Tse said the company would “process the rectification as fast as possible,” emphasising that “compliance is Futu’s core strength.”

Daniel Tse, managing director of Futu Securities (left) and Vincent Yao, head of its AI growth centre, pictured at a media briefing on Monday. Photo: Handout
Daniel Tse, managing director of Futu Securities (left) and Vincent Yao, head of its AI growth centre, pictured at a media briefing on Monday. Photo: Handout

The brokerage has been ordered by the China Securities Regulatory Commission (CSRC) to complete “rectification” within two years and fully cease the illegal provision of trading services on the mainland.