In Hong Kong, China: Futu HK is a licensed corporation regulated by the Securities and Futures Commission of Hong Kong (CE No.
Similarly Is FUTU a good company? FUTU is definitely a great company which can be clearly seen by its rapid growth and its superb profitability. On top of that, the company’s valuation seems extremely enticing.
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About FUTU.
| Symbol | Last Price | % Chg |
|---|---|---|
| FUTUPre | 35.63 33.38 | -1.38% -6.31% |
27 déc. 2021
Is FUTU illegal? Futu has licenses in Hong Kong, Singapore and the U.S., but does not have a license to operate in mainland China. Chief Financial Officer Arthur Chen admitted that Futu has seen clients in the greater China area withdraw cash amid concerns over the reports.
Additionally, Where is FUTU based?
Futu Holdings Ltd., a Hong Kong–based online brokerage that is backed by Chinese internet giant Tencent Holdings Ltd., has become the first big Asian initial public offerings of 2019.
What does FUTU holding do?
Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitalized brokerage and wealth management platform.
Why is FUTU down? Key Points. Futu Holdings got off to a hot start in 2021 but finished the year down amid regulatory uncertainty. The SEC is cracking down on foreign companies over auditing requirements. Chinese regulators are cracking down on a number of industries as well, including online brokerages like Futu.
Is FUTU a VIE? Like other Chinese companies with listings outside of China, such as Alibaba Group Holding Ltd., Futu is a variable-interest entity, or VIE, a structure created in the 1990s as a workaround for Chinese companies not allowed to have direct foreign ownership.
Why is Tiger broker stock dropping? US-listed brokers Futu Holdings and Tiger Brokers fell sharply in early trading in New York on Thursday after a top Chinese central bank official warned online brokers who offer cross-border trades to mainland investors without a domestic licence are operating illegally.
Why is FUTU down?
Futu Holdings and Up Fintech fell after a senior official said cross-border online brokerages operating in mainland China were acting illegally.
How many users does FUTU have? Futu added 273,000 net paying clients in 2021 Q1, reflects 7x growth YoY. Worldwide users hit 14 Million with Q1 trading volume soaring to US$289 billion.
Who owns moo moo?
Based in California, United States, Moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd, which is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform.
Who is FUTU backed by? Futu is backed by world-class strategic and venture capital investors which include Tencent, Sequoia Capital and Matrix Partners.
Who is backing FUTU?
Its parent company, Hong Kong-based Futu Holdings, is backed by Chinese conglomerate Tencent and has 17 million users globally, through its presence in Singapore, US, Australia and Hong Kong.
How many users does FUTU have worldwide?
Futu Holdings Limited Q4 Financial Results: 2021 Revenues Up 114.9% YoY With 17 Million Users Worldwide.
Will FUTU stock go up? Stock Price Forecast
The 17 analysts offering 12-month price forecasts for Futu Holdings Ltd have a median target of 44.85, with a high estimate of 71.29 and a low estimate of 26.92. The median estimate represents a +31.15% increase from the last price of 34.20.
Should I buy TIGR stock? UP Fintech Holding Stock Forecast FAQ
Out of 1 analyst, 1 (100%) are recommending TIGR as a Strong Buy, 0 (0%) are recommending TIGR as a Buy, 0 (0%) are recommending TIGR as a Hold, 0 (0%) are recommending TIGR as a Sell, and 0 (0%) are recommending TIGR as a Strong Sell.
Does Tiger broker operate in China?
Clients may now use Tiger Trade to trade equities in The U.S., Hong Kong, Singapore, and Australia as well as futures, options, and funds. Tiger Brokers has offices in Singapore, New York, Beijing, Auckland, and Sydney and employees close 10001 people.
Is up Fintech stock a good buy? Is UP FINTECH HOLDING Stock a good buy in 2022, according to Wall Street analysts? The consensus among 1 Wall Street analyst covering (NASDAQ: TIGR) stock is to Strong Buy TIGR stock.
Is up Fintech a buy?
UP Fintech has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 2 buy ratings, no hold ratings, and 1 sell rating.
Is FUTU a Chinese stock? Futu Holdings Limited (FUTU), is a FinTech company from China, offering a fully digitized brokerage and wealth management platform.
Where is moo moo from?
Moomoo’s accessible and powerful investing platform is geared to investors of any experience level. The company is headquartered in California and owned by China-based Futu Holdings Ltd.’s wholly-owned subsidiaries, including Futu Inc. and Futu Singapore Pte.