- Futu reported Q2 revenue of HK$7.2 billion, up 35.6% year on year, and net income of HK$3.64 billion, up 41.6%.
- Futu’s funded accounts grew 33.6% to 3.84 million, led for a third straight quarter by Malaysia, with Hong Kong and Singapore also among the top contributors.
- UP Fintech, the parent of Tiger Brokers, also posted record Q2 revenue as overseas expansion offset weaker mainland growth following Beijing’s crackdown.
Quotes
“To streamline users’ compliance procedures and reduce tax declaration complexities, we rolled out a dedicated tax reporting tool under our Hong Kong, Singapore and New Zealand regulatory licences”