ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Under pressure at home, Chinese online brokers expand offshore

After making splash in Singapore, Futu and Tiger turn attention to Australia

Futu has rapidly grown its market share in Hong Kong with intense marketing.    © AP

HONG KONG -- Under growing regulatory pressure at home, Chinese online brokers that focus on offshore stocks are concentrating their energies on signing up new clients overseas.

The effort seems to be paying off. Among new clients registered by Futu Holdings and UP Fintech Holding last quarter, 90% came from outside mainland China, with Singapore proving a particularly fruitful market.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more