According to a research report by Guotai Junan, about 40% of Tiger Brokers' customers come from mainland China, contributing to over half of the company's revenue. Futu Securities, on the other hand, had approximately 44% of its revenue from its mainland Chinese customers in the first half of last year.
However, during the conference call for Tiger Brokers' quarterly report last year, it was mentioned that only about 10% of the new trading accounts in that quarter came from mainland China.
Analysts predict that both cross-border brokerages are likely to see a phased outflow of funds from mainland Chinese customers based on the regulatory direction of "orderly resolution of existing stocks."
In 2022, Futu Securities and Tiger Brokers achieved revenues of 6.8 billion yuan and 1.57 billion yuan, respectively.
The former had a profit of 2.615 billion yuan, while the latter incurred a loss of 15 million yuan. As of the end of 2022, Futu Securities had over 1.488 million accounts with assets, with a total of over 3.23 million registered accounts. Tiger Brokers had approximately 782,000 trading users and 2 million registered accounts
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