https://www-scmp-com.libproxy1.nus.edu.sg/rss/521102/feed Futu Holdings Limited is a fintech company and online stockbroker that offers fully digital financial services in multiple markets, comprising data, financial news, interactive social features, and investor education on its proprietary one-stop digital platforms Futubull and moomoo. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Associated Press Associated Press The LPGA Tour’s 2027 schedule features 33 tournaments, a record US$147 million in prize money and an itinerary that does not have players bouncing across the country. LPGA Commissioner Craig Kessler released the plan for next season on Wednesday and emphasised routing, quality of courses and prize money, and the schedule has ticked several of those boxes. Hong Kong appears on the calendar for the first time in 50 years, with the Futu Ladies World Championship in the first week of March ending a... https://www-scmp-com.libproxy1.nus.edu.sg/sport/golf/article/3370166/record-prize-money-better-flow-hong-kong-event-key-lpgas-2027-schedule https://www-scmp-com.libproxy1.nus.edu.sg/sport/golf/article/3370166/record-prize-money-better-flow-hong-kong-event-key-lpgas-2027-schedule Thu, 08 Oct 2026 09:30:05 +0000 Zhang Shidong,Zoe SL Chan,Themis Qi Zhang Shidong,Zoe SL Chan,Themis Qi Some securities companies have begun to clean up non-compliant overseas stock trading by mainland Chinese investors following a regulatory crackdown that started months ago with fines on Tiger Brokers and Futu Securities International. Orient Securities’ mainland-based clients that have trading accounts in its Hong Kong unit will be banned from buying stocks and transferring in funds starting on Wednesday, according to a notice to customers seen by the South China Morning Post. Guotai Junan... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369152/chinese-brokerages-get-line-beijings-crackdown-overseas-stock-trading https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369152/chinese-brokerages-get-line-beijings-crackdown-overseas-stock-trading Tue, 29 Sep 2026 05:25:03 +0000 Zhang Shidong,Yulu Ao Zhang Shidong,Yulu Ao When Ryan Lei has an investment idea, he no longer has to spend days writing code and trawling through historical data to corroborate it. The 27-year-old quantitative trader in Hong Kong now delegates much of the grunt work to artificial intelligence. For a recent bet tied to a major technology initial public offering, Lei deployed Futu’s AI agents to collect data on similar listings over the past decade and parse their post-debut performances. The AI-assisted research informed a short position... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367211/how-ai-tools-are-reshaping-stock-trading-investment-research-china https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367211/how-ai-tools-are-reshaping-stock-trading-investment-research-china Sat, 12 Sep 2026 08:00:10 +0000 Daisy Wu Daisy Wu Tiger Brokers and Futu Holdings, two of the region’s largest online brokerages, posted robust second-quarter growth as they expanded overseas to absorb Beijing’s toughest crackdown yet on illegal cross-border stock trading. UP Fintech Holding, parent of Tiger Brokers, reported on Wednesday that revenue rose 31.4 per cent year on year to a record US$182.3 million. Net income attributable to shareholders, however, slipped to US$39.4 million from US$41.4 million a year earlier. Chairman and CEO Wu... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3365409/tiger-futu-post-strong-overseas-gains-after-beijing-clampdown-stalls-mainland-growth https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3365409/tiger-futu-post-strong-overseas-gains-after-beijing-clampdown-stalls-mainland-growth Thu, 27 Aug 2026 23:00:10 +0000 Josh Ball Josh Ball The last time the LPGA Tour was in Hong Kong, Concorde arrived at Kai Tak Airport for the first time, the famous floating restaurant Jumbo Kingdom was just weeks old, and Clearwater Bay Golf and Country Club was still drawings in a course designer’s sketchbook. Nearly 50 years since Judy Rankin held off Hisako Higuchi to win the Colgate-Hong Kong Open in November 1976, the Tour announced its return to the city with the Futu Ladies World Championship, a US$3.4 million prize fund and multi-year... https://www-scmp-com.libproxy1.nus.edu.sg/sport/golf/article/3365351/lpga-tour-heading-hong-kong-first-time-will-be-richest-womens-event-asia https://www-scmp-com.libproxy1.nus.edu.sg/sport/golf/article/3365351/lpga-tour-heading-hong-kong-first-time-will-be-richest-womens-event-asia Wed, 26 Aug 2026 20:00:06 +0000 Zhang Shidong Zhang Shidong China’s biggest hedge funds cut holdings of US hyperscalers and Nvidia and migrated into the hardware makers on the AI supply chain in the second quarter, marking a shift of their playbook on overseas investment in response to evolving market dynamics. Perseverance Asset Management International slashed its position on Nvidia by 72 per cent last quarter, while significantly adding holdings of memory chipmaker Micron Technology and flash memory product maker SanDisk, according to its latest 13F... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3364229/chinese-hedge-funds-rotate-out-nvidia-and-us-hyperscalers-evolving-ai-trade https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3364229/chinese-hedge-funds-rotate-out-nvidia-and-us-hyperscalers-evolving-ai-trade Mon, 17 Aug 2026 05:00:09 +0000 Daisy Wu Daisy Wu China’s foreign exchange reserves barely budged last year despite a record US$1.18 trillion trade surplus, as the country’s massive external earnings increasingly wound up on the balance sheets of domestic households, commercial banks and corporations rather than in Beijing’s central coffers, a new report from the Institute of International Finance (IIF) shows. China has long been a major net creditor to the rest of the world. But in 2025, its non-reserve sector – banks, companies and investors... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3363021/chinas-foreign-reserves-hold-steady-external-earnings-stay-private-hands https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3363021/chinas-foreign-reserves-hold-steady-external-earnings-stay-private-hands Wed, 05 Aug 2026 07:00:12 +0000 Peggy Ye,Zoe SL Chan Peggy Ye,Zoe SL Chan Hong Kong’s securities regulator has frozen more than HK$125 million (US$15.9 million) in assets linked to a suspected market manipulation scheme, as authorities tighten oversight of the city’s booming IPO market. The Securities and Futures Commission (SFC) said on Thursday that it had issued a restriction notice to Futu, prohibiting the brokerage from dealing with or processing up to HK$125.247 million in assets held by an entity suspected of creating artificial demand for shares in an initial... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3362411/hong-kong-regulators-freeze-us159-million-linked-suspected-ipo-fraud https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3362411/hong-kong-regulators-freeze-us159-million-linked-suspected-ipo-fraud Thu, 30 Jul 2026 10:44:29 +0000 Zoe SL Chan Zoe SL Chan South Korea’s roller-coaster market, driven by sharp swings in semiconductor giants Samsung Electronics and SK Hynix this year, has also reverberated in Hong Kong, where suspected fund embezzlement by a loss-making investment manager and outcry from leveraged-product investors have made headlines. As an international financial centre, Hong Kong serves as a crucial gateway to access the Seoul stock market, with Futu Holdings – the Nasdaq-listed Chinese broker – just launching South Korea share... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3362300/how-south-koreas-tech-rout-hit-hong-kong-and-why-regulators-stepped https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3362300/how-south-koreas-tech-rout-hit-hong-kong-and-why-regulators-stepped Thu, 30 Jul 2026 00:00:21 +0000 Zhang Shidong Zhang Shidong China is moving to heighten the scrutiny of overseas assets controlled by the country’s richest families by imposing personal-income taxes on their offshore trusts, plugging a loophole long leveraged by the wealthy to eschew tax payments and alleviating fiscal stresses brought on in part by a perennial downturn in home prices. A recent statement by the Ministry of Finance suggests that the government crackdown has progressed to the enforcement stage after a legal case concerning one of the... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3361907/china-cracks-down-offshore-trusts-new-tax-rules-wealthy https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3361907/china-cracks-down-offshore-trusts-new-tax-rules-wealthy Mon, 27 Jul 2026 00:00:25 +0000 Themis Qi Themis Qi Around half of Chinese investors with assets over 1 million yuan (US$147,703) plan to increase their investments in Hong Kong and the United States over the next 12 months to diversify their portfolios, despite Beijing’s crackdown on cross-border brokerages, according to a new survey. The findings come after the DBS Treasures Affluent Investor Survey polled 1,617 individuals in Hong Kong and mainland China with at least HK$1 million (US$127,525) or 1 million yuan in assets in their respective... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3361494/despite-regulatory-crackdown-chinese-investors-look-hong-kong-us-diversify https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3361494/despite-regulatory-crackdown-chinese-investors-look-hong-kong-us-diversify Wed, 22 Jul 2026 12:07:07 +0000 Zoe SL Chan Zoe SL Chan 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... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3360400/futu-expects-mainland-brokerage-business-shrink-vows-keep-hong-kong-outlets https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3360400/futu-expects-mainland-brokerage-business-shrink-vows-keep-hong-kong-outlets Mon, 13 Jul 2026 11:00:23 +0000 Lawrence J. Lau Lawrence J. Lau The China Securities Regulatory Commission recently fined three Hong Kong brokerages – Tiger Brokers, Futu Securities International and Longbridge Securities – over US$330 million for offering mainland investors access to overseas stocks without authorisation. This should not be misconstrued as a move to discourage overseas investment. It is merely an attempt to discourage mainland investors from illegal channels that violate China’s capital controls. This is evidenced by the fact that the... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3358927/when-and-how-will-china-ease-capital-controls https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3358927/when-and-how-will-china-ease-capital-controls Thu, 02 Jul 2026 12:30:11 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks have trailed other major global markets in the first half of the year, a trend analysts said could persist as sluggish consumer spending weighs on Chinese internet platforms and an entrenched AI trade risks widening the performance gap. A glut of stocks from the expiry of IPO lock-up periods could pose a further threat this quarter, prompting the city’s exchange to respond quickly with countervailing measures. These included lowering trading barriers for individual investors, a... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3359046/can-hong-kong-absorb-us100-billion-newly-tradable-shares-amid-global-ai-boom https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3359046/can-hong-kong-absorb-us100-billion-newly-tradable-shares-amid-global-ai-boom Thu, 02 Jul 2026 00:30:13 +0000 Julie Zhang Julie Zhang Hong Kong is seizing every opportunity to consolidate its role as a global financial centre, leveraging unique advantages and national strategies. This piece, the second in a miniseries focusing on the city’s financial industry ahead of the handover anniversary, explores the likelihood of an “IPO Connect” that could inject much-needed liquidity into the market and deepen international investors’ access to top-tier China assets. At every summer’s Lujiazui Forum, attended by China’s top financial... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3358365/ipo-connect-pitched-hong-kongs-next-move-boost-finance-hub-role-hurdles-loom https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3358365/ipo-connect-pitched-hong-kongs-next-move-boost-finance-hub-role-hurdles-loom Thu, 25 Jun 2026 23:00:05 +0000 Zoe SL Chan Zoe SL Chan Chinese regulators have tightened one of the remaining channels for gaining exposure to overseas assets through derivatives, the latest sign that authorities are continuing efforts to close regulatory loopholes and curb domestic investors’ access to higher-risk offshore markets. Rather than launching another high-profile crackdown like last month’s action against unlicensed offshore brokers, including Futu and Tiger Brokers, regulators have instead targeted total return swaps (TRS) through... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3358240/china-closes-another-offshore-investing-loophole-trs-faces-restrictions https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3358240/china-closes-another-offshore-investing-loophole-trs-faces-restrictions Wed, 24 Jun 2026 12:35:19 +0000 Vincent Chow Vincent Chow Beijing’s recent investigation into three brokerages – Futu Securities, Tiger Brokers and Long Bridge – was partly driven by concerns over foreign exchange “leakage” and the need to protect mainland China’s vast base of retail investors, Hong Kong’s finance chief has said. At a closed-door C-Suite roundtable organised by the South China Morning Post and the Hong Kong Investment Corporation (HKIC) on Wednesday, Financial Secretary Paul Chan Mo-po said Beijing was overall “supportive” of Hong... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3358180/beijings-brokerage-probe-stop-leakage-paul-chan-tells-davos-dalian-event https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3358180/beijings-brokerage-probe-stop-leakage-paul-chan-tells-davos-dalian-event Wed, 24 Jun 2026 07:23:19 +0000 Sylvia Ma Sylvia Ma China’s crackdown on cross-border securities trading could strengthen – rather than diminish – Hong Kong’s financial role, according to economists, as Beijing steers more capital through official channels and reinforces the city’s status as an offshore yuan hub. “I would argue that these moves make the importance of Hong Kong even bigger,” Diana Choyleva, founder and chief economist at Enodo Economics, said on Tuesday at the World Economic Forum’s Annual Meeting of the New Champions – also known... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3358091/chinas-trading-crackdown-seen-boosting-hong-kong-official-capital-hub https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3358091/chinas-trading-crackdown-seen-boosting-hong-kong-official-capital-hub Tue, 23 Jun 2026 13:00:10 +0000 Edith Lin,Olga Wong Edith Lin,Olga Wong As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. More mainland Chinese investors could gain access to a broader range of products in Hong Kong under a review by authorities, the finance chief has said, dismissing concerns that a recent crackdown on illegal cross-border stock trading could dent the city’s appeal. Financial... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3357808/hong-kong-aims-offer-more-investment-options-mainland-chinese-paul-chan https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3357808/hong-kong-aims-offer-more-investment-options-mainland-chinese-paul-chan Mon, 22 Jun 2026 01:00:14 +0000 Enoch Yiu Enoch Yiu HSBC China has become the first foreign bank to provide custodian services for a cross-border fund product that can help mainland clients invest in foreign markets, the lender said. Despite the recent crackdown on illegal cross-border trading, analysts believed that the move was a sign that Beijing would continue to allow mainland investors to put their money into overseas markets via legal channels. The China unit of HSBC Holdings, the largest lender in Hong Kong and Europe, said on its WeChat... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3357411/hsbc-china-pioneers-cross-border-fund-services-mainland-investors https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3357411/hsbc-china-pioneers-cross-border-fund-services-mainland-investors Wed, 17 Jun 2026 09:15:04 +0000 Alice Li Alice Li Hong Kong’s financial regulators have pledged to uphold strict compliance standards and crack down on illicit activity, as Beijing intensifies efforts to tighten oversight of cross-border capital flows. “We will always be steadfast guardians of the market, driving development and encouraging innovation while never compromising on our bottom line,” said Kelvin Wong Tin-yau, chairman of the Securities and Futures Commission (SFC) of Hong Kong. “Through rigorous regulatory systems, forward-looking... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3356892/hong-kong-regulators-vow-strict-compliance-beijing-tightens-capital-controls https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3356892/hong-kong-regulators-vow-strict-compliance-beijing-tightens-capital-controls Fri, 12 Jun 2026 09:30:07 +0000 Wency Chen Wency Chen This is part of a series on the global impact of SpaceX’s historic IPO, tracing how mainland Chinese investors’ strategies, the Hong Kong market and wider capital flows are being reshaped by Elon Musk’s trillion‑dollar rocket gamble. Chinese investors are scrambling for back-door routes to trade on SpaceX’s highly anticipated initial public offering (IPO), resorting to proxy stocks and supply chain speculation after being shut out of direct participation in what could be the largest listing in... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3356580/shut-out-spacex-ipo-chinese-investors-get-creative-catch-ride https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3356580/shut-out-spacex-ipo-chinese-investors-get-creative-catch-ride Wed, 10 Jun 2026 05:00:07 +0000 Enoch Yiu,Daisy Wu Enoch Yiu,Daisy Wu Mainland customers can still open bank accounts in Hong Kong, but banks must adopt stringent new checks to ensure their processes are “compliant and orderly”, the Hong Kong Monetary Authority (HKMA) said in a statement on Saturday. “The banking industry has implemented the new regulatory requirements set out in the HKMA circular to ensure the account opening process is compliant and orderly,” the statement said. “Chinese mainland customers continue to apply for opening accounts, and in general,... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3356201/mainlanders-can-still-open-bank-accounts-hong-kong-despite-new-rules-hkma https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3356201/mainlanders-can-still-open-bank-accounts-hong-kong-despite-new-rules-hkma Sat, 06 Jun 2026 07:24:07 +0000 Daisy Wu Daisy Wu Shenzhen-based AI engineer Sihan Wang recently decided to liquidate all holdings in his Futu Securities account, which he opened a year ago, citing concerns that escalating regulatory oversight could restrict his ability to manage overseas investments. “I would rather step back now than risk having my funds caught up in future restrictions,” Wang said. He is now considering shifting capital into mainland-listed gold products and mutual funds. Wang’s move reflects a broader squeeze on mainland... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3356095/mainland-chinas-investors-face-new-hurdles-hong-kong-brokers-tighten-rules https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3356095/mainland-chinas-investors-face-new-hurdles-hong-kong-brokers-tighten-rules Fri, 05 Jun 2026 08:47:54 +0000 Enoch Yiu Enoch Yiu Hong Kong’s record-breaking insurance sales may face headwinds as mainland China visitors struggle to transfer large sums across the border to buy policies, after Beijing and the city’s regulators tightened rules, according to industry players and analysts. A spokeswoman for the Insurance Authority said the regulator was closely monitoring cross-border sales. “The Insurance Authority has been maintaining close communication with relevant mainland authorities on various regulatory matters,... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3355451/hong-kongs-insurance-boom-risks-cooling-regulators-curb-mainland-china-fund-flows https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3355451/hong-kongs-insurance-boom-risks-cooling-regulators-curb-mainland-china-fund-flows Mon, 01 Jun 2026 02:30:05 +0000 Mia Nurmamat Mia Nurmamat For the first time, Beijing has included the task of “telling China’s stock market narrative well” in its assessment of brokerage research, as it steps up efforts to bolster confidence in domestic equities while curbing capital outflows. In a new survey for the 2025 cycle, the Securities Association of China – an industry regulator – incorporated brokerage contributions to national strategies and industry development into its evaluation framework. Research institutes were now required to... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3355286/china-pushes-brokerages-help-shape-stock-market-narrative https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3355286/china-pushes-brokerages-help-shape-stock-market-narrative Fri, 29 May 2026 07:00:08 +0000 Peggy Ye Peggy Ye Futu Holdings disclosed that its mainland Chinese clients account for about one-fifth of its assets and revenue after it reported a 61.2 per cent drop in first-quarter profit, as analysts warned Beijing’s latest crackdown on cross-border trading will weigh on earnings growth in the near term. The Nasdaq-listed Chinese online brokerage reported net profit of HK$831 million (US$106 million) in the three months ended March 31, down from HK$2.15 billion a year earlier, after booking a 1.85 billion... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3355280/futu-first-quarter-profit-down-61-following-us272-million-regulatory-fine https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3355280/futu-first-quarter-profit-down-61-following-us272-million-regulatory-fine Fri, 29 May 2026 06:32:31 +0000 Mia Nurmamat Mia Nurmamat As news spread on Wednesday that Hong Kong banks were tightening scrutiny on mainland Chinese clients opening savings and investment accounts, Zhe Ye – an auctioneer based in the southwestern province of Yunnan – was stunned. The former asset appraiser had been planning a trip to Hong Kong to open an account, hoping to buy overseas assets ranging from the Nasdaq and S&P 500 to shares in newly listed companies such as SpaceX. “I really regret not opening a Hong Kong account earlier,” Zhe said,... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3355187/mainland-chinese-react-hong-kong-tightens-access-offshore-investment-accounts https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3355187/mainland-chinese-react-hong-kong-tightens-access-offshore-investment-accounts Thu, 28 May 2026 11:00:19 +0000 Peggy Ye Peggy Ye Analysts lowered their valuations on Chinese online brokerages after Beijing unveiled a crackdown on unauthorised cross-border securities businesses, warning the tighter rules could slow profit growth and raise overseas customer acquisition costs. CCB International on Wednesday cut its target price for Futu Holdings by almost a third to US$150 from US$220, although it maintained an “outperform” rating on the stock. “Regulatory scrutiny is a hit to target valuation, though we view the penalty... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3355150/chinas-brokerage-crackdown-banks-cut-stock-forecasts-futu-tiger https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3355150/chinas-brokerage-crackdown-banks-cut-stock-forecasts-futu-tiger Thu, 28 May 2026 08:00:17 +0000 Brian Rhoads Brian Rhoads Chinese billionaire Leaf Li lost more than a quarter of his fortune on Friday after Beijing announced a crackdown on online brokerages offering unauthorised cross-border trading. Li’s wealth fell by US$1.7 billion, to US$4.7 billion, amid a stock rout for Futu Holdings, the company he founded and runs as chief executive officer, Bloomberg News said, citing its billionaires index. The tycoon’s fortune, which has halved since October, is mainly derived from his stake in US-listed Futu. Hong... https://www-scmp-com.libproxy1.nus.edu.sg/plus/news/china/money-wealth/article/3354891/china-online-brokerage-crackdown-trims-billionaire-owners-wealth https://www-scmp-com.libproxy1.nus.edu.sg/plus/news/china/money-wealth/article/3354891/china-online-brokerage-crackdown-trims-billionaire-owners-wealth Tue, 26 May 2026 09:08:47 +0000 Zhang Shidong Zhang Shidong Investors may find out how Hong Kong’s stock market will react to mainland China’s crackdown on illegal cross-border securities trading on Tuesday, as Citic Securities estimates an impact on as much as HK$250 billion (US$31.9 billion) of assets in the city, a negligible amount for the third-largest stock market in Asia. The sweeping campaign may affect between HK$150 billion to HK$180 billion worth of assets owned by mainland Chinese investors with Hong Kong stock accounts at Futu Securities... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3354776/csrcs-crackdown-cross-border-trading-involves-us32b-hong-kong-assets-citic https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3354776/csrcs-crackdown-cross-border-trading-involves-us32b-hong-kong-assets-citic Mon, 25 May 2026 11:00:19 +0000 Cheryl Arcibal Cheryl Arcibal Futu Securities is the latest non-food and beverage retailer to sell coffee and other drinks in one of its outlets in Hong Kong as the online stock brokerage adapts to its clients’ lifestyle, according to a spokesman. Futu Café was officially launched on Thursday at the Futu Store on Lee Garden Road, Causeway Bay, close to its flagship store on Russell Street. Cups of espresso, Americano and iced blue coconut water, among other drinks, are available between 7.30am and 7.30pm. The launch of the... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3350205/futu-securities-opens-coffee-shop-branch-it-adapts-changing-client-lifestyles https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3350205/futu-securities-opens-coffee-shop-branch-it-adapts-changing-client-lifestyles Wed, 15 Apr 2026 23:30:08 +0000 Yeon Woo Lee Yeon Woo Lee Hong Kong’s securities regulator unveiled several new initiatives on Wednesday aimed at further developing the city’s virtual asset sector while strengthening investor safeguards. The announcements by the Securities and Futures Commission (SFC) coincided with Consensus 2026, a major cryptocurrency conference running this week at the Hong Kong Convention and Exhibition Centre, attended by industry figures such as Binance CEO Richard Teng and Solana Foundation president Lily Liu. “[At Consensus... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3343189/hong-kong-bridges-traditional-and-digital-finance-worlds-new-virtual-asset-initiatives https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3343189/hong-kong-bridges-traditional-and-digital-finance-worlds-new-virtual-asset-initiatives Wed, 11 Feb 2026 09:30:20 +0000 Zhang Shidong Zhang Shidong New share listings by Chinese technology firms in Hong Kong have delivered above-average returns on their debuts so far in 2026, as investors faced with a challenging macro environment bet on Beijing’s push for technology self-reliance. Graphics processing unit (GPU) maker Shanghai Biren Technology, semiconductor maker OmniVision Integrated Circuit Group and three others rose by an average of 30 per cent on their debuts, beating the 24 per cent return of the 11 total initial public offerings... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3340994/chinese-tech-listings-shine-hong-kong-fuelled-beijings-self-reliance-push https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3340994/chinese-tech-listings-shine-hong-kong-fuelled-beijings-self-reliance-push Mon, 26 Jan 2026 02:15:10 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s banking and finance sector is tipped to lead retail property leasing activity, with massive uptake by firms like Forthright Securities, Futu Holdings and HSBC providing support to landlords struggling through a multi-year real estate slump. Forthright Securities leased three storeys totalling 14,000 sq ft at Golden Centre in Sheung Wan for its first flagship branch in the city, according to CBRE, which facilitated the transaction. “This transaction not only demonstrates Forthright... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3339955/banks-and-brokerages-growing-demand-space-buoys-hong-kongs-retail-property-sector https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3339955/banks-and-brokerages-growing-demand-space-buoys-hong-kongs-retail-property-sector Thu, 15 Jan 2026 23:00:09 +0000 Iris Deng Iris Deng Hong Kong and Shenzhen are establishing a white list for data transfers as part of an overarching effort to forge closer cross-border ties, which policymakers and business leaders see as essential to unlocking opportunities in artificial intelligence and fintech in the region. “If you have a white list to facilitate the movement of sensitive data, biological data and samples between Hong Kong and [mainland] China, it would ensure trust between [parties sending and receiving information] because... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3340022/hong-kong-shenzhen-push-secure-data-corridor-unlock-ai-and-fintech-opportunities https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3340022/hong-kong-shenzhen-push-secure-data-corridor-unlock-ai-and-fintech-opportunities Thu, 15 Jan 2026 10:00:49 +0000 Xinmei Shen Xinmei Shen Hong Kong’s first locally developed artificial intelligence chatbot, HKChat, has raised expectations that it could compete with more popular and established AI apps, as it racked up around 90,000 users in the city within a week of its low-key release. HKChat is focused on providing information on local services, including real-time bus arrivals, as well as the city’s weather, laws and regulations. It was the top-ranked free app on Apple’s Hong Kong App Store on Sunday, according to data from app... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3334267/hong-kongs-hkchat-raises-ai-expectations-90000-users-join-app-debut-week https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3334267/hong-kongs-hkchat-raises-ai-expectations-90000-users-join-app-debut-week Wed, 26 Nov 2025 23:00:09 +0000 Cao Li Cao Li Hong Kong banks and brokers reported keen interest in the latest batch of Silver Bonds compared with last year after subscriptions opened on Monday. HSBC, the biggest of the city’s three currency-issuing banks, said application volumes and values were higher compared with the first day of sales last year. “The share of digital submission continues to grow,” a spokesperson said. “Separately, around 30 per cent of the applicants are new investors in the Silver Bonds programme with us.” Futu... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3325625/hong-kongs-hk50-billion-silver-bonds-attract-senior-citizens-amid-rate-cut-expectations https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3325625/hong-kongs-hk50-billion-silver-bonds-attract-senior-citizens-amid-rate-cut-expectations Mon, 15 Sep 2025 12:30:13 +0000 Yulu Ao Yulu Ao Futu Holdings is expanding its footprint in Hong Kong with the opening of its first flagship store and inaugural Institutional and Private Wealth Services centre in Causeway Bay, underscoring the online brokerage’s ambition to capture the city’s growing base of high-net-worth clients. The new centre, occupying two floors with a combined area of more than 7,000 sq ft (650 square metres) on Russell Street opposite Times Square, officially opens on Friday . It marks Futu’s eighth permanent service... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3323439/futu-opens-flagship-branch-retail-high-street-tap-hong-kongs-stock-market-bull-run https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3323439/futu-opens-flagship-branch-retail-high-street-tap-hong-kongs-stock-market-bull-run Thu, 28 Aug 2025 23:30:08 +0000 Aileen Chuang Aileen Chuang ChinaAMC (HK), the Hong Kong arm of Chinese fund house China Asset Management, launched the world’s first yuan-denominated tokenised fund on Thursday, aligning with the city’s regulatory framework for stablecoins, which is expected to stimulate demand for digital assets. While a yuan stablecoin is currently unavailable, mainland Chinese officials have softened their stance on digital currencies and the broader digital asset space. With Hong Kong’s stablecoin ordinance taking effect from August... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3318571/chinaamc-launches-worlds-first-tokenised-yuan-fund-amid-hong-kong-stablecoin-push https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3318571/chinaamc-launches-worlds-first-tokenised-yuan-fund-amid-hong-kong-stablecoin-push Thu, 17 Jul 2025 08:26:38 +0000 Salina Li Salina Li Skechers, an American footwear and apparel company, is taking advantage of a slump in Hong Kong’s retail market by filling a space previously occupied by high-end Swiss watchmaker Patek Philippe on Causeway Bay’s Russell Street, one of the city’s most expensive shopping strips. A 1,036 sq ft shop on the ground floor of 50-52 Russell Street was leased to Skechers for three years at a monthly rent of HK$360,000 (US$45,860), or HK$347 per square foot, according to Rickey Chan, managing director of... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3318335/skechers-take-over-former-patek-philippe-space-causeway-bays-russell-street https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3318335/skechers-take-over-former-patek-philippe-space-causeway-bays-russell-street Wed, 16 Jul 2025 00:30:07 +0000 Aileen Chuang Aileen Chuang Hong Kong has surged ahead of its global rivals with its landmark stablecoin law, setting the stage for a boom in digital assets and an injection of fresh liquidity into the market, according to brokers. “We’re seeing a significant trend in investments related to stablecoins on our platform, which highlights the growing importance of this sector,” said Daniel Tse, managing director of Futu Securities International, Hong Kong’s largest online brokerage firm, in a written interview on... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3313390/hong-kongs-stablecoin-law-opens-floodgates-boom-digital-assets https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3313390/hong-kongs-stablecoin-law-opens-floodgates-boom-digital-assets Mon, 09 Jun 2025 00:30:10 +0000 Salina Li Salina Li Russell Street in Causeway Bay, one of Hong Kong’s most expensive retail strips, has been witnessing a rapid churn in tenants amid rising rents and lukewarm sales. The latest casualty of the city’s dour retail scene is Prince Jewellery & Watch, which recently closed its flagship shop after 21 years. Prince Jewellery’s decision to close its 1,800 sq ft street-level shop at 58 Russell Street and at 69 Percival Street came after the landlord decided to raise the monthly rent to about HK$2 million... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3307478/100-rent-hike-forces-prince-jewellery-leave-hong-kongs-russell-street-after-21-years https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3307478/100-rent-hike-forces-prince-jewellery-leave-hong-kongs-russell-street-after-21-years Wed, 23 Apr 2025 00:30:08 +0000 Enoch Yiu Enoch Yiu E-commerce platform operator PDD Holdings and securities brokerage Futu Holdings are among 27 US-listed Chinese firms that could meet the listing requirements in Hong Kong, leaving at least 170 others at risk of being ejected from American stock exchanges, Goldman Sachs said. These 27 firms, which have a combined market capitalisation of US$191 billion, could either go for dual-primary or secondary listing in the Asian financial hub, the Wall Street investment bank said in a report on Wednesday.... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3307299/pdd-futu-meet-hong-kong-listing-rules-170-firms-face-us-delisting-risk-goldman https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3307299/pdd-futu-meet-hong-kong-listing-rules-170-firms-face-us-delisting-risk-goldman Tue, 22 Apr 2025 00:30:08 +0000 Fan Chen Fan Chen A DeepSeek-powered chatbot launched in March by Hong Kong’s largest online broker Futu Securities International offered the following advice when asked how conglomerate CK Hutchison’s recent attempt to sell strategic ports in Panama and other countries would affect its stock price. “Short-term traders to stay cautious and observe stock price stabilising above the 5-day moving average,” the Futubull artificial intelligence (AI) chatbot said in a demo. “Long-term traders, instead, should build... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3305164/hong-kong-online-broker-futu-launches-deepseek-powered-tools-investors https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3305164/hong-kong-online-broker-futu-launches-deepseek-powered-tools-investors Fri, 04 Apr 2025 05:00:10 +0000 Cheryl Arcibal,Enoch Yiu Cheryl Arcibal,Enoch Yiu Futu Securities International (Hong Kong) has scooped up a prime retail space in Hong Kong’s Causeway Bay, according to market sources, as one of China’s fastest-growing online brokers doubles down in one of the world’s most expensive retail areas to prepare for a bull run in the stock market. Futu will occupy the street-level space in Soundwill Plaza on Russell Street that was left vacant since February by the Transformers: The Ark restaurant. The broker could be paying HK$1.2 million... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3304955/futu-rents-prime-causeway-bay-address-online-broker-prepares-stock-market-bonanza https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3304955/futu-rents-prime-causeway-bay-address-online-broker-prepares-stock-market-bonanza Thu, 03 Apr 2025 00:30:08 +0000