Futu Holdings Limited (「Futu」 or the 「Company」) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform focusing on global investors, announced its official launch in Australia, providing secure, professional, and top-notch cross-market online investment services to the country’s individual investors. This marks Futu’s entry into the third major international financial market as part of its global expansion strategy.

Unlocking Opportunities for 9 Million Individual Investors in Australia

8th March also marks Futu’s first anniversary in the Singapore market and the third anniversary of the listing on Nasdaq. On this special occasion, Futu is elated to announce our launch in Australia. We hope to bring Futu’s full-fledged services, which have already been validated in the US and Singapore, to all individual investors in Australia. According to the ASX investor research reporthttp  in 2020,Australia has more than 9 million individual investors, most of whom are of the younger generation. The number is expected to go beyond 10 million in 2022.

At the same time, with the rise of the internet and the opening up of the financial industry, more and more young Australians are entering the investment market, creating an urgent need for an online investment platform. According to the aforementioned ASX report, during the past 2 years, 25% of investment newbies are millennials and Gen Z. The report indicates 27% of potential investors in Australia are aged under 25. The penetration rate of online investment platforms has been increasing with 20% of current local investors, in addition, over one-third of potential investors are planning to join the herd. Australia has a complete financial ecosystem and technology infrastructure, and a strong social investment atmosphere in favor of investment. These together create a good environment for us to make the most of our financial technologies.

Futu sees the Australian market as the next key growth driver and another milestone for the Company’s internationalization strategy. Since Futu’s founding in Hong Kong a decade ago, we have been committed to driving innovation across financial services industry with technologies and providing top-notch products and services to investors everywhere.