Welcome to our dedicated page for Futu Holdings news (Ticker: FUTU), a resource for investors and traders seeking the latest updates and insights on Futu Holdings stock.
Futu Holdings Limited (Nasdaq: FUTU) operates a leading digital brokerage platform transforming global investing through its Futubull and moomoo ecosystems. This news hub provides investors with centralized access to official announcements, market developments, and strategic updates impacting this fintech innovator.
Discover timely updates on earnings reports, regulatory filings, product launches, and partnership agreements. Our curated feed ensures equal access to operational milestones and financial disclosures for both retail and institutional investors.
Key coverage areas include quarterly results analysis, platform feature enhancements, international expansion plans, and leadership updates. All content maintains strict editorial neutrality while prioritizing factual accuracy and regulatory compliance.
Bookmark this page for streamlined monitoring of FUTU's market position within the competitive online brokerage sector. Return regularly to track how the company's technology-driven approach continues reshaping wealth management accessibility across global markets.
Blue Ocean Technologies LLC and Futu Clearing Inc. have announced a strategic partnership to enhance trading capabilities for Futu clients. Beginning February 13, 2023, users can trade US NMS stocks during Hong Kong’s local business hours (10:00 am to 6:00 pm). This partnership marks the first time that real-time trading and market data access will be available to Futu clients in Hong Kong. The initiative aims to boost the investor experience and expand trading opportunities in the Asia-Pacific region. Futu's CEO highlighted the partnership as a significant step in improving services for local clients.
Futu Holdings Limited (Nasdaq: FUTU) announced its commitment to cooperate with the China Securities Regulatory Commission (CSRC) regarding its cross-border operations in mainland China. The Company will review its operations to ensure compliance with regulatory requirements while maintaining services for existing clients. Futu aims to strengthen its international presence amid regulatory scrutiny, leveraging its digital brokerage and wealth management platform, including services through its applications, Futubull and moomoo.
Futu Holdings Limited (Nasdaq: FUTU) announced a proposed dual primary listing of its Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK). The SEHK granted in-principle approval for the listing on December 21, 2022, with trading expected to start on December 30, 2022, under stock code "3588." The shares will remain fungible with the American depositary shares (ADSs) on Nasdaq. Goldman Sachs and UBS are joint sponsors, and HSBC is the financial advisor. This strategic move aims to enhance liquidity and access for investors.
Futu Holdings Limited (Nasdaq: FUTU) will report its Q3 2022 financial results on November 21, 2022, before U.S. markets open. Management will hold an earnings conference call at 7:30 AM Eastern Time on the same day. Participants must pre-register for the call to receive dial-in information. Futu is revolutionizing the wealth management industry with its digital brokerage platform, offering services like trade execution, margin financing, and securities lending through the Futubull and moomoo apps, targeting the emerging affluent demographic.
Moomoo has launched a new earnings calendar feature on its trading app, aimed at enhancing financial literacy and education for users. This tool allows investors to track reporting calendars and company valuations during earnings season. Additionally, the final voting phase for the Tutorial Video Challenge has begun, where nine YouTubers compete by creating videos about this feature. Winners will receive cash prizes totaling $6,000. Moomoo continues to focus on investor education, having rolled out approximately 2,500 online investing courses since its U.S. launch in 2018.
Futu Holdings Limited (Nasdaq: FUTU) reported robust performance in Q2 2022, with total revenues of US$222.6 million and non-GAAP adjusted net income of US$87.7 million. User growth for its platforms, Moomoo and Futubull, surged 20% year-over-year to 18.6 million. Notable metrics include a 30.5% increase in registered clients and a 38.6% rise in paying clients, totaling 1.4 million. Client assets reached US$55.3 billion, and client retention soared to nearly 99%. The company also expanded its regulatory licenses, enhancing its competitive edge in key markets.
Futu Holdings Limited (Nasdaq: FUTU) reported its Q2 2022 financial results, showing a 10.8% increase in total revenues to HK$1,746.7 million (US$222.6 million). The company achieved a 20.2% net income growth to HK$641.7 million (US$81.8 million). Notably, paying clients grew by 38.6% year-over-year, reaching 1,387,146, while total registered clients increased 30.5% to 3,021,790. However, total client assets fell 13.8% to HK$433.6 billion. The company also repurchased 6.5 million ADSs, amounting to US$200 million.
Futu Holdings Limited (Nasdaq: FUTU) will report its financial results for Q2 2022 on August 30, 2022, before U.S. markets open. An earnings conference call will be held at 7:30 AM ET on the same day. Participants must pre-register to access the call and will receive dial-in details via email. Futu, a tech-driven online brokerage, offers digitalized investment services primarily to the emerging affluent population, utilizing platforms like Futubull and moomoo for trading and wealth management.
