Futu Approved to Enter the Australian Market Rooted in Hong Kong, marking another milestone of internationalization

December 20, 2021 (Hong Kong)

December 20, 2021 (Hong Kong) - Futu Holdings Limited (「Futu」 or the 「Company」) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform focusing on global investors, announced that Futu Securities (Australia) Ltd, a subsidiary of Futu, has obtained an Australian Financial Services License (Number: 224663) granted and regulated by the Australian Securities and Investments Commission (ASIC) and is now qualified to conduct business in Australia.

Futu is about to enter the Australian market and provide local investors with one-stop online investment services. With the aim of becoming an influential global financial services platform, the Hong Kong-based company Futu is expected to enter another brand-new market after the US and Singapore, marking a new step forward in Futu’s implementation of its internationalization strategy.

Having established itself in Hong Kong for 9 years, Futu is a tech-driven, digitalized fintech company that offers unparalleled financial services and leverages technologies to drive innovation since its founding. With its strong brand identity, Futu’s users number surpassed 2.22 million in Hong Kong as of the third quarter this year, approximately accounts for one-third of the adult population in Hong Kong. Leading the trend of 「social investing」 in Hong Kong, Futu’s unique investment community, the Futubull Community, has become the second largest online forum in Hong Kong, with over 350,000 active Hong Kong users and nearly 100,000 pieces of UGC content generated on an average trading day.

2021 is the year of internationalization to Futu. Building on the competitive edges of its brand and products , Futu continues to advance international business deployment, and has attracted more than 17 million users in more than 200 countries and regions. Since the establishment of the Southeast Asia headquarters in Singapore earlier this year, Futu has achieved robust growth in Singapore, with moomoo having attracted over 220,000 registered users and more than 100,000 paying clients in less than three months. Just six months after its launch, moomoo’s market share of retail investors in Singapore neared 15%. In the third quarter, moomoo is one of the fastest growing one-stop investment platforms in Singapore, securing a place among the top three financial apps as measured by download volume.

Looking ahead to 2022, Futu will continue to pursue its vision of becoming an influential global financial services platform and to bring innovation and unique user experience to more new markets. The entry into the Australian market will be another important milestone in Futu’s internationalization strategy.