Futu Launches Singapore-Based Investment Platform

Editorial Staff

31 March 2021

Tencent-backed , we believe that there is huge potential in the local market, which will serve as a strong growth driver for us as our products are quite different from other products in the Singapore market. Currently, we have already set up our local headquarters and are looking to scale up our business moving forward," Futu founder and CEO Leaf Hua Li said.

The platform is available in China, Hong Kong and the US and has around 13 million users.

China's regulators recently announced that they are examining ways of opening up Chinese investing into securities and insurance in other countries. Futu and other Chinese brokers such as 9F and UP Fintech Holding are likely to benefit as the country's mass affluent continues growing.