Futu Holdings founder Li Hua addressed investor concerns during the company's 2026 Q1 earnings call, stating that the regulatory adjustments announced on May 22 regarding cross-border securities, futures, and fund businesses for mainland investors are industry-wide requirements. According to Foresight News, Li clarified that the two-year rectification period for mainland clients does not mandate account closures but restricts domestic fund deposits and purchases. The company plans to comply with regulations and advance subsequent compliance work according to guidelines.
Li anticipates that the regulatory updates will not materially affect Futu's annual target of acquiring 800,000 new customers. He noted that Futu has already ceased opening accounts for mainland identity clients and has strengthened account review processes, rejecting thousands of non-compliant applications over the past two years. As of the end of Q1 this year, mainland clients with assets accounted for approximately 13% of the total, with their assets representing about 17% and contributing around 20% to revenue. Looking ahead, the company plans to expand into more international markets.