Futu Faces Probe and Potential Fines from China Securities Regulatory Commission

(SeaPRwire) –   HONG KONG, May 22, 2026 — Futu Holdings Limited (referred to as “Futu” or the “Company”) (Nasdaq: Futu) announced today that it has received an Investigation Notice and an Administrative Penalty Pre-Notification Letter from the China Securities Regulatory Commission and its Shenzhen branch (collectively the “CSRC”) regarding the Company’s operations in mainland China.

The CSRC indicates that several Futu-affiliated entities in mainland China and Hong Kong (called the “Related Companies”) carried out securities operations, public fund sales, and futures business in mainland China without securing the necessary licenses or approvals, violating the Securities Law, Securities Investment Fund Law, and Futures and Derivatives Law of the People’s Republic of China. The CSRC proposes to order the Related Companies to rectify or discontinue these activities, confiscate illegal gains, and impose fines—with the total proposed penalty amounting to approximately RMB 1.85 billion (roughly USD 271 million). Additionally, the CSRC plans to levy a personal fine of RMB 1.25 million (about USD 183,575) on Mr. Li Hua, the Company’s founder and CEO.

The proposed penalty remains subject to further proceedings and the CSRC’s final determination. The Company is entitled to submit statements, present defenses, and request a hearing. It will fully cooperate with the CSRC while exercising its lawful rights to safeguard the legitimate interests of the Company and its shareholders.

The Company has maintained continuous communication with the CSRC and implemented rectification measures for its mainland China operations. As of the end of the first quarter of 2026, funded accounts from mainland China accounted for approximately 13% of the Company’s total funded accounts. Meanwhile, as the Company expands its international market presence, the number of overseas funded accounts has continued to grow steadily. Business operations in all regions outside mainland China remain normal.

About Futu Holdings Limited

Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and Moomoo, the Company provides a comprehensive range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. It has embedded social media tools to create a user-centric network, connecting users, investors, companies, analysts, media, and key opinion leaders. The Company also offers corporate services such as IPO distribution, investor relations, and ESOP solution services.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Statements that are not historical facts—including those about Futu’s beliefs and expectations—are forward-looking statements. These can be identified by terms like “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. Forward-looking statements involve inherent risks and uncertainties. All information in this press release and its attachments is current as of the date of this release, and Futu does not undertake any obligation to update any forward-looking statement except as required by applicable law.

Investor Contact

Investor Relations
Futu Holdings Limited
ir@futuholdings.com