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Futu Holdings - Hong Kong's tech-driven broker looks towards another decade of success
Newsweek Europe
|November 25, 2022
Widely celebrated as Asia’s world city,” Hong Kong is one of the most attractive business and investment destinations in the world. The city houses the world’s leading international financial hub, and its vibrant capital market is one of the most favourable investment markets worldwide, according to a recent Ipsos report. Since the launch of China Connect in 2014, the city has seen a massive increase in demand for brokerage services and a boost to trading activities on its securities market. Hong Kong also boasts the largest hedge fund centre in Asia, with HK$35 trillion assets under management. As Hong Kong moves away from traditional brokers to becoming a cashless society, the growing popularity of digital banking and online trading platforms is set to revolutionise the market.
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One innovator leading Hong Kong's financial revolution is Futu Holdings, the city's number one retail brokerage firm. Alongside corporate services and wealth management, Futu offers two easy-to-navigate online trading and investing brands - Futubull (available in Hong Kong) and moomoo (available in Singapore, the USA, and Australia).
Each app employs identical cutting-edge technology to give users a seamless investment experience. This year Futu will celebrate its 10th anniversary since being founded as a securities trading system by former founding employee of Tencent, Leaf Hua Li, Futu's Chairman and CEO, and the company is on a mission to make investing easier and more social. Leaf's unique background as a senior tech developer and experienced trader has enabled Futu to pioneer the perfect product to meet investor needs.
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