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Futu expects mainland brokerage revenue to gradually shrink after CSRC action

Mainland Chinese-funded accounts fell to 13.0% of Futu’s total by end-March 2026, while those clients held 17.0% of total assets, the firm said.

Reported · Written up by our desk · China

Futu Holdings, the Nasdaq-listed brokerage, said it expects a gradual decrease in its mainland China business after China’s securities regulator ordered it to rectify compliance issues. The company also said it has no plan to cut its Hong Kong outlets, as it works to address the regulator’s要求 and complete the required changes.

In a briefing in Hong Kong, Futu said mainland Chinese-funded accounts dropped to 13.0% of its total and that those clients represented 17.0% of total client assets at the end of March 2026. Futu Securities managing director Daniel Tse said the company will handle the decrease and compliance problems as quickly as possible, adding that it must resolve the issues with a client-first approach.

The brokerage said the China Securities Regulatory Commission ordered it to complete “rectification” within two years and fully stop illegal provision of trading services on the mainland. Futu did not provide comparison figures for how those shares and asset levels changed over prior periods.

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