S&P Global Ratings has reaffirmed Futu Holdings Limited's long-term issuer credit rating at BBB- with a stable outlook. The rating reflects Futu's strong market position in Hong Kong and its strategic geographic diversification to offset the expected phaseout of its mainland China business over the next two years. S&P also highlights Futu's very strong capitalization and adequate funding profile as key strengths supporting its creditworthiness. This rating stability supports Futu's ongoing expansion in business scope and geographic reach.
Chinese regulators have imposed stricter rules on mainland investors buying US stocks, penalizing brokers like Futu Holdings and Tiger Brokers for facilitating overseas purchases through loopholes. Investors can only sell and withdraw funds for two y...
China's securities regulator has tightened rules on offshore brokerages like Tiger Brokers and Futu Holdings, cracking down on illegal cross-border securities activities. This move limits mainland retail investors' access to U.S. stocks, encouraging ...
