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11-12 22:43

Just hold on for big bull

UP Fintech: Revenue Hits Record US$101 Million; Profit at Three-year Peak; Client Assets Doubled YoY to US$40.8 Billion

10-21

$HUA HONG SEMI(01347)$

10-15

Yes

China Banks Mull Cutting Deposit Rates as Early as This Week

2023-10-03

$CANSINOBIO(06185)$

2023-09-08

$Bank of America(BAC)$

2022-11-15

Be safe not sorry

U.S. Stock Futures Lifted By Fed Pivot Hopes Ahead of Producer-Price Data

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Record US$101 Million; Profit at Three-year Peak; Client Assets Doubled YoY to US$40.8 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1146952071","media":"Tiger Newspress","summary":"New York, Nov.12, 2024 – UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), announced its unaudited financial results for the third quarter ended September 30, 2024. UP Fintech","content":"<html><head></head><body><p>New York, Nov.12, 2024 – UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), announced its unaudited financial results for the third quarter ended September 30, 2024. UP Fintech reported record revenue of US$101.1 million in the third quarter, representing a 15.6% increase quarter-over-quarter (QoQ) and a 44.1% increase year-over-year (YoY). Non-GAAP net income attributable to UP Fintech shareholders was US$20.1 million, up 286.5% QoQ and 25.6% YoY. The Company added 60,000 new accounts in Q3, bringing its total global account number to 2.37 million, a 10.2% YoY increase. New funded accounts increased by 50,500, driving total funded accounts to 1,032,800, a 19.3% YoY increase. Trading volume remained robust, with total trading volume increasing 103.1% YoY to US$163 billion. Strong net deposits propelled client assets to US$40.8 billion, a 6.7% QoQ and 115.9% YoY increase, reaching a record high.</p><p style=\"text-align: left;\"><strong>UP Fintech&#39;s founder and CEO, Wu Tianhua</strong>, stated, &#34;In Q3, enhanced product experience drove significant business growth for the company, with revenue surpassing US$100 million—a record high—and profit reaching a three-year peak. Total client assets doubled YoY to US$40.8 billion, and the company has already achieved its annual guidance of acquiring 150,000 newly funded accounts by now. Global trading activity remained strong, with trading volume doubling YoY.&#34;</p><p style=\"text-align: left;\">&#34;Tiger Brokers continued to improve client investment experiences by launching virtual trade-sharing accounts, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. In Hong Kong, Tiger introduced monthly options for Hong Kong stocks in September, boosting weekly trader engagement and order volumes. Recently, we launched weekly stock options for Hong Kong stocks, becoming one of the first brokers to offer cycle options trading in the region, enhancing trading convenience and options for local investors.&#34;</p><p style=\"text-align: left;\"><strong>SG: Achieved record-high quarterly trading volume and commission income</strong></p><p style=\"text-align: left;\"><strong>HK: Client assets grew 30% QoQ</strong></p><p style=\"text-align: left;\">In Singapore, Tiger Brokers saw significant growth in Q3, with several key metrics hitting an all-time high. Both total trading volume and commission income reached record levels, soaring 253% and 72% YoY, respectively. Net asset inflows climbed 134% YoY. Stock trading remained strong, with US and Singapore stock trading volumes reaching record highs, up 87% and 73% YoY. US options trading also performed exceptionally well, setting new records for the number of orders, trading volume, and commission income, with increases of 108%, 187%, and 59% YoY, respectively. Futures trading also saw record trading volume and commission income, jumping 357% and 110% YoY. In addition, the Cash Boost trading account, which was linked to the Central Depository (CDP) account in August, attracted a broader investor base, driving a 43% increase in trading orders and a 53% increase in gross commission QoQ. In September, the Tiger BOSS Debit Card and Tiger Vault were integrated for T+0 automated subscriptions and redemptions, streamlining clients&#39; daily spending, wealth management, and stock trading.</p><p style=\"text-align: left;\">Hong Kong continued to attract high-quality clients in Q3, with client assets growing by over 30% QoQ. In Q3, Hong Kong launched stock options and short-selling to provide local investors with more comprehensive investment options. Following the introduction of monthly stock options in late September, weekly trading activity and order volume rose significantly, reflecting growing demand. Recently, Tiger also introduced weekly Hong Kong stock options, becoming one of the first brokers to support cycle options trading in the region. Since expanding virtual asset trading to retail investors on July 1, Tiger Brokers has seen a surge in the number of investors and orders. This quarter saw Hong Kong users&#39; crypto trading orders and volume jump 1,673% and 1,293% QoQ. Tiger Vault also remained popular, with USD money market fund orders and volume up 99% and 106%, and US Treasury bond orders and volume rising 119% and 160% QoQ.</p><p style=\"text-align: left;\">In the U.S., TradeUP demonstrated robust growth momentum in Q3. User downloads grew by 122% compared to Q2, with account openings up by 88% QoQ, reflecting strong platform appeal and market reach. U.S. client trading volume in U.S. stocks grew 179% QoQ, while options trading increased by 89%. Q3 also marked progress in self-clearing for U.S. stocks and options, enhancing trade execution, stock lending, and settlement. Stock clearing volume rose 93% YoY and options clearing volume by 185%. Night trading delivered standout performance, with after-hours U.S. stock trading volume via Tiger’s self-clearing up by 240% QoQ. Additionally, leveraging diversified stock lending services, TradeUP&#39;s stock lending and margin financing volume grew 114% YoY and 52% QoQ. As of Q3, TradeUP led six IPOs of Asia-Pacific companies, securing the top industry rank.</p><p style=\"text-align: left;\">In Australia, Tiger Brokers continued to build trust with local clients, achieving a 104% YoY increase in newly funded accounts. Net asset inflows grew 207% YoY and 82% QoQ. Gross commission income rose 122% YoY. In August, Tiger Trade received the Finder 2024 &#34;Best Mobile App&#34; award in Australia, earning significant industry recognition. In New Zealand, Q3 saw strong trading activity on Tiger’s platform, attracting a large number of high-quality clients, with total deposits increasing 128% YoY, and trading volume surging 249% YoY. US stocks and options trading continued to perform well, with the number of orders growing 114% and 124% YoY respectively in Q3.</p><p style=\"text-align: left;\"><strong>New subscriptions to Trade Feed grew 85% QoQ</strong></p><p style=\"text-align: left;\"><strong>Tiger Vault&#39;s users doubled YoY</strong></p><p style=\"text-align: left;\">In Q3, commission income rose 20.9% QoQ to US$41.2 million, while interest-related income grew 22% YoY to US$50.8 million. Tiger Brokers continues to enhance its one-stop global investing experience. Product enhancements include enriched options functions with the addition of implied volatility and options volatility analysis*, catering to professional users and helping them select appropriate options strategies. A new &#34;Yield Hunting&#34; product list on Tiger’s wealth homepage provides rich historical backtesting performance and fundamental information, empowering high-net-worth individuals to optimize investment decisions and maximize returns. Key metrics such as backtested PoP(Probability of Profit) and are assignment probability have been added to the FCN notes details page. A new watchlist assistant feature* provides timely alerts on stock movements for holdings, helping investors avoid missing crucial investment opportunities. The Trade Feed feature continues to upgrade, with the significant addition of Guru Tracker* in Q3, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. Trade Feed is now supported in Australia, helping novice investors stay informed on the latest trading activity. The number of new Trade Feed feature subscriptions grew significantly, up 85% QoQ.</p><p style=\"text-align: left;\">On the wealth management side, spurred by the Federal Reserve&#39;s rate cuts, assets under management (AUM) and users grew 101% and 92% YoY in Q3. Tiger Vault continued to gain traction, with AUM and users increasing 99% and 106% YoY. Tiger Wealth&#39;s expanded product range is driving deeper client engagement across asset classes. The AUM of US Treasury bonds held by wealth clients grew 64% QoQ. Gross merchandise value (GMV) for structured notes traded by high-net-worth clients saw a growth rate of over 112% QoQ. To help clients navigate market volatility, Tiger Wealth launched thematic content and a series of livestreams on topics such as the &#34;US Election&#34; and &#34;Trading Amidst Rate Cuts&#34; in Q3, featuring expert insights and providing timely, in-depth market analysis. Tiger Wealth&#39;s newly launched Hong Kong immigration through investment services and flexible US Treasury Discretionary Portfolio Management (DPM) services also proved popular with high net worth clients in Q3.</p><p style=\"text-align: left;\">Since its launch, the TradingFront asset management platform (TAMP) has focused on providing flexible account structures, convenient online account opening, and multi-market, multi-asset trading services, steadily building a strong reputation among trading-oriented institutional clients. In Q3, TradingFront platform AUM grew 16% QoQ, and the number of regular investing accounts increased 20% QoQ. At the Singapore Financial Advisers Association (AFA) annual conference in August, Tiger highlighted how TradingFront empowers financial advisors to leverage fintech and AI, keeping pace with industry changes and continuously enhancing their service efficiency and capabilities.</p><p style=\"text-align: left;\"><strong>Among the top three HK IPO underwriters</strong></p><p style=\"text-align: left;\"><strong>Employee stock option management SaaS platform net profit jumped over 2.7 times QoQ</strong></p><p style=\"text-align: left;\">In Q3, UP Fintech&#39;s other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), reached US$9.1 million. Tiger Brokers continued to demonstrate its strong capabilities and expertise in US stock underwriting. In the reporting period, Tiger served as the lead underwriter for three US IPOs, acting as the sole lead underwriter for both NIP Group and XCharge. Leveraging its superior trade execution capabilities, Tiger also facilitated three share repurchase agreements for US-listed companies in Q3. Furthermore, Tiger underwrote nine Hong Kong IPOs in the reporting period, including those of Metasurface Technologies, Zhonggan Communication, Xi&#39;an Kingfar Property, and Fangzhou Jianke, ranking among the top three on the Hong Kong IPO underwriting league table for Q3.</p><p style=\"text-align: left;\">The Employee Stock Ownership Plan (ESOP) front, or UponeShare, added 18 new enterprise clients to reach 597 total clients served. Client retention improved significantly, with repeat orders exceeding new orders and growing 33.3% QoQ. Meanwhile, the Company continued to expand into new business models, signing its first software product order during the quarter. Following its milestone of achieving profitability in Q2, the employee stock option management SaaS platform maintained its positive momentum in Q3, with net profit surging by over 270% QoQ and on track for full-year profitability.</p><p style=\"text-align: left;\">Regarding Tiger Enterprise Account, the Company added 13 new clients this quarter, including ChaPanda, Shansong, and YXT.com, bringing the total number of enterprise clients to 455. During the quarter, the Company facilitated Tuya Inc.&#39;s Q2 earnings call, promoting effective communication with the market. &#34;Tiger Online Show&#34;, a high-profile, in-depth interview series, partnered with Kingsoft Cloud executives in September to provide investors with insights and guidance on investment decisions in the cloud services sector. Additionally, the Tiger Enterprise Account has successfully organized an investor relations event for Eastbuy, delving into the business development of livestream e-commerce and exploring new industry trends.</p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">*<em>Available in certain markets</em></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech: Revenue Hits Record US$101 Million; Profit at Three-year Peak; Client Assets Doubled YoY to US$40.8 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUP Fintech: Revenue Hits Record US$101 Million; Profit at Three-year Peak; Client Assets Doubled YoY to US$40.8 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-11-12 16:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>New York, Nov.12, 2024 – UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), announced its unaudited financial results for the third quarter ended September 30, 2024. UP Fintech reported record revenue of US$101.1 million in the third quarter, representing a 15.6% increase quarter-over-quarter (QoQ) and a 44.1% increase year-over-year (YoY). Non-GAAP net income attributable to UP Fintech shareholders was US$20.1 million, up 286.5% QoQ and 25.6% YoY. The Company added 60,000 new accounts in Q3, bringing its total global account number to 2.37 million, a 10.2% YoY increase. New funded accounts increased by 50,500, driving total funded accounts to 1,032,800, a 19.3% YoY increase. Trading volume remained robust, with total trading volume increasing 103.1% YoY to US$163 billion. Strong net deposits propelled client assets to US$40.8 billion, a 6.7% QoQ and 115.9% YoY increase, reaching a record high.</p><p style=\"text-align: left;\"><strong>UP Fintech&#39;s founder and CEO, Wu Tianhua</strong>, stated, &#34;In Q3, enhanced product experience drove significant business growth for the company, with revenue surpassing US$100 million—a record high—and profit reaching a three-year peak. Total client assets doubled YoY to US$40.8 billion, and the company has already achieved its annual guidance of acquiring 150,000 newly funded accounts by now. Global trading activity remained strong, with trading volume doubling YoY.&#34;</p><p style=\"text-align: left;\">&#34;Tiger Brokers continued to improve client investment experiences by launching virtual trade-sharing accounts, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. In Hong Kong, Tiger introduced monthly options for Hong Kong stocks in September, boosting weekly trader engagement and order volumes. Recently, we launched weekly stock options for Hong Kong stocks, becoming one of the first brokers to offer cycle options trading in the region, enhancing trading convenience and options for local investors.&#34;</p><p style=\"text-align: left;\"><strong>SG: Achieved record-high quarterly trading volume and commission income</strong></p><p style=\"text-align: left;\"><strong>HK: Client assets grew 30% QoQ</strong></p><p style=\"text-align: left;\">In Singapore, Tiger Brokers saw significant growth in Q3, with several key metrics hitting an all-time high. Both total trading volume and commission income reached record levels, soaring 253% and 72% YoY, respectively. Net asset inflows climbed 134% YoY. Stock trading remained strong, with US and Singapore stock trading volumes reaching record highs, up 87% and 73% YoY. US options trading also performed exceptionally well, setting new records for the number of orders, trading volume, and commission income, with increases of 108%, 187%, and 59% YoY, respectively. Futures trading also saw record trading volume and commission income, jumping 357% and 110% YoY. In addition, the Cash Boost trading account, which was linked to the Central Depository (CDP) account in August, attracted a broader investor base, driving a 43% increase in trading orders and a 53% increase in gross commission QoQ. In September, the Tiger BOSS Debit Card and Tiger Vault were integrated for T+0 automated subscriptions and redemptions, streamlining clients&#39; daily spending, wealth management, and stock trading.</p><p style=\"text-align: left;\">Hong Kong continued to attract high-quality clients in Q3, with client assets growing by over 30% QoQ. In Q3, Hong Kong launched stock options and short-selling to provide local investors with more comprehensive investment options. Following the introduction of monthly stock options in late September, weekly trading activity and order volume rose significantly, reflecting growing demand. Recently, Tiger also introduced weekly Hong Kong stock options, becoming one of the first brokers to support cycle options trading in the region. Since expanding virtual asset trading to retail investors on July 1, Tiger Brokers has seen a surge in the number of investors and orders. This quarter saw Hong Kong users&#39; crypto trading orders and volume jump 1,673% and 1,293% QoQ. Tiger Vault also remained popular, with USD money market fund orders and volume up 99% and 106%, and US Treasury bond orders and volume rising 119% and 160% QoQ.</p><p style=\"text-align: left;\">In the U.S., TradeUP demonstrated robust growth momentum in Q3. User downloads grew by 122% compared to Q2, with account openings up by 88% QoQ, reflecting strong platform appeal and market reach. U.S. client trading volume in U.S. stocks grew 179% QoQ, while options trading increased by 89%. Q3 also marked progress in self-clearing for U.S. stocks and options, enhancing trade execution, stock lending, and settlement. Stock clearing volume rose 93% YoY and options clearing volume by 185%. Night trading delivered standout performance, with after-hours U.S. stock trading volume via Tiger’s self-clearing up by 240% QoQ. Additionally, leveraging diversified stock lending services, TradeUP&#39;s stock lending and margin financing volume grew 114% YoY and 52% QoQ. As of Q3, TradeUP led six IPOs of Asia-Pacific companies, securing the top industry rank.</p><p style=\"text-align: left;\">In Australia, Tiger Brokers continued to build trust with local clients, achieving a 104% YoY increase in newly funded accounts. Net asset inflows grew 207% YoY and 82% QoQ. Gross commission income rose 122% YoY. In August, Tiger Trade received the Finder 2024 &#34;Best Mobile App&#34; award in Australia, earning significant industry recognition. In New Zealand, Q3 saw strong trading activity on Tiger’s platform, attracting a large number of high-quality clients, with total deposits increasing 128% YoY, and trading volume surging 249% YoY. US stocks and options trading continued to perform well, with the number of orders growing 114% and 124% YoY respectively in Q3.</p><p style=\"text-align: left;\"><strong>New subscriptions to Trade Feed grew 85% QoQ</strong></p><p style=\"text-align: left;\"><strong>Tiger Vault&#39;s users doubled YoY</strong></p><p style=\"text-align: left;\">In Q3, commission income rose 20.9% QoQ to US$41.2 million, while interest-related income grew 22% YoY to US$50.8 million. Tiger Brokers continues to enhance its one-stop global investing experience. Product enhancements include enriched options functions with the addition of implied volatility and options volatility analysis*, catering to professional users and helping them select appropriate options strategies. A new &#34;Yield Hunting&#34; product list on Tiger’s wealth homepage provides rich historical backtesting performance and fundamental information, empowering high-net-worth individuals to optimize investment decisions and maximize returns. Key metrics such as backtested PoP(Probability of Profit) and are assignment probability have been added to the FCN notes details page. A new watchlist assistant feature* provides timely alerts on stock movements for holdings, helping investors avoid missing crucial investment opportunities. The Trade Feed feature continues to upgrade, with the significant addition of Guru Tracker* in Q3, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. Trade Feed is now supported in Australia, helping novice investors stay informed on the latest trading activity. The number of new Trade Feed feature subscriptions grew significantly, up 85% QoQ.</p><p style=\"text-align: left;\">On the wealth management side, spurred by the Federal Reserve&#39;s rate cuts, assets under management (AUM) and users grew 101% and 92% YoY in Q3. Tiger Vault continued to gain traction, with AUM and users increasing 99% and 106% YoY. Tiger Wealth&#39;s expanded product range is driving deeper client engagement across asset classes. The AUM of US Treasury bonds held by wealth clients grew 64% QoQ. Gross merchandise value (GMV) for structured notes traded by high-net-worth clients saw a growth rate of over 112% QoQ. To help clients navigate market volatility, Tiger Wealth launched thematic content and a series of livestreams on topics such as the &#34;US Election&#34; and &#34;Trading Amidst Rate Cuts&#34; in Q3, featuring expert insights and providing timely, in-depth market analysis. Tiger Wealth&#39;s newly launched Hong Kong immigration through investment services and flexible US Treasury Discretionary Portfolio Management (DPM) services also proved popular with high net worth clients in Q3.</p><p style=\"text-align: left;\">Since its launch, the TradingFront asset management platform (TAMP) has focused on providing flexible account structures, convenient online account opening, and multi-market, multi-asset trading services, steadily building a strong reputation among trading-oriented institutional clients. In Q3, TradingFront platform AUM grew 16% QoQ, and the number of regular investing accounts increased 20% QoQ. At the Singapore Financial Advisers Association (AFA) annual conference in August, Tiger highlighted how TradingFront empowers financial advisors to leverage fintech and AI, keeping pace with industry changes and continuously enhancing their service efficiency and capabilities.</p><p style=\"text-align: left;\"><strong>Among the top three HK IPO underwriters</strong></p><p style=\"text-align: left;\"><strong>Employee stock option management SaaS platform net profit jumped over 2.7 times QoQ</strong></p><p style=\"text-align: left;\">In Q3, UP Fintech&#39;s other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), reached US$9.1 million. Tiger Brokers continued to demonstrate its strong capabilities and expertise in US stock underwriting. In the reporting period, Tiger served as the lead underwriter for three US IPOs, acting as the sole lead underwriter for both NIP Group and XCharge. Leveraging its superior trade execution capabilities, Tiger also facilitated three share repurchase agreements for US-listed companies in Q3. Furthermore, Tiger underwrote nine Hong Kong IPOs in the reporting period, including those of Metasurface Technologies, Zhonggan Communication, Xi&#39;an Kingfar Property, and Fangzhou Jianke, ranking among the top three on the Hong Kong IPO underwriting league table for Q3.</p><p style=\"text-align: left;\">The Employee Stock Ownership Plan (ESOP) front, or UponeShare, added 18 new enterprise clients to reach 597 total clients served. Client retention improved significantly, with repeat orders exceeding new orders and growing 33.3% QoQ. Meanwhile, the Company continued to expand into new business models, signing its first software product order during the quarter. Following its milestone of achieving profitability in Q2, the employee stock option management SaaS platform maintained its positive momentum in Q3, with net profit surging by over 270% QoQ and on track for full-year profitability.</p><p style=\"text-align: left;\">Regarding Tiger Enterprise Account, the Company added 13 new clients this quarter, including ChaPanda, Shansong, and YXT.com, bringing the total number of enterprise clients to 455. During the quarter, the Company facilitated Tuya Inc.&#39;s Q2 earnings call, promoting effective communication with the market. &#34;Tiger Online Show&#34;, a high-profile, in-depth interview series, partnered with Kingsoft Cloud executives in September to provide investors with insights and guidance on investment decisions in the cloud services sector. Additionally, the Tiger Enterprise Account has successfully organized an investor relations event for Eastbuy, delving into the business development of livestream e-commerce and exploring new industry trends.</p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">*<em>Available in certain markets</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146952071","content_text":"New York, Nov.12, 2024 – UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), announced its unaudited financial results for the third quarter ended September 30, 2024. UP Fintech reported record revenue of US$101.1 million in the third quarter, representing a 15.6% increase quarter-over-quarter (QoQ) and a 44.1% increase year-over-year (YoY). Non-GAAP net income attributable to UP Fintech shareholders was US$20.1 million, up 286.5% QoQ and 25.6% YoY. The Company added 60,000 new accounts in Q3, bringing its total global account number to 2.37 million, a 10.2% YoY increase. New funded accounts increased by 50,500, driving total funded accounts to 1,032,800, a 19.3% YoY increase. Trading volume remained robust, with total trading volume increasing 103.1% YoY to US$163 billion. Strong net deposits propelled client assets to US$40.8 billion, a 6.7% QoQ and 115.9% YoY increase, reaching a record high.UP Fintech's founder and CEO, Wu Tianhua, stated, \"In Q3, enhanced product experience drove significant business growth for the company, with revenue surpassing US$100 million—a record high—and profit reaching a three-year peak. Total client assets doubled YoY to US$40.8 billion, and the company has already achieved its annual guidance of acquiring 150,000 newly funded accounts by now. Global trading activity remained strong, with trading volume doubling YoY.\"\"Tiger Brokers continued to improve client investment experiences by launching virtual trade-sharing accounts, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. In Hong Kong, Tiger introduced monthly options for Hong Kong stocks in September, boosting weekly trader engagement and order volumes. Recently, we launched weekly stock options for Hong Kong stocks, becoming one of the first brokers to offer cycle options trading in the region, enhancing trading convenience and options for local investors.\"SG: Achieved record-high quarterly trading volume and commission incomeHK: Client assets grew 30% QoQIn Singapore, Tiger Brokers saw significant growth in Q3, with several key metrics hitting an all-time high. Both total trading volume and commission income reached record levels, soaring 253% and 72% YoY, respectively. Net asset inflows climbed 134% YoY. Stock trading remained strong, with US and Singapore stock trading volumes reaching record highs, up 87% and 73% YoY. US options trading also performed exceptionally well, setting new records for the number of orders, trading volume, and commission income, with increases of 108%, 187%, and 59% YoY, respectively. Futures trading also saw record trading volume and commission income, jumping 357% and 110% YoY. In addition, the Cash Boost trading account, which was linked to the Central Depository (CDP) account in August, attracted a broader investor base, driving a 43% increase in trading orders and a 53% increase in gross commission QoQ. In September, the Tiger BOSS Debit Card and Tiger Vault were integrated for T+0 automated subscriptions and redemptions, streamlining clients' daily spending, wealth management, and stock trading.Hong Kong continued to attract high-quality clients in Q3, with client assets growing by over 30% QoQ. In Q3, Hong Kong launched stock options and short-selling to provide local investors with more comprehensive investment options. Following the introduction of monthly stock options in late September, weekly trading activity and order volume rose significantly, reflecting growing demand. Recently, Tiger also introduced weekly Hong Kong stock options, becoming one of the first brokers to support cycle options trading in the region. Since expanding virtual asset trading to retail investors on July 1, Tiger Brokers has seen a surge in the number of investors and orders. This quarter saw Hong Kong users' crypto trading orders and volume jump 1,673% and 1,293% QoQ. Tiger Vault also remained popular, with USD money market fund orders and volume up 99% and 106%, and US Treasury bond orders and volume rising 119% and 160% QoQ.In the U.S., TradeUP demonstrated robust growth momentum in Q3. User downloads grew by 122% compared to Q2, with account openings up by 88% QoQ, reflecting strong platform appeal and market reach. U.S. client trading volume in U.S. stocks grew 179% QoQ, while options trading increased by 89%. Q3 also marked progress in self-clearing for U.S. stocks and options, enhancing trade execution, stock lending, and settlement. Stock clearing volume rose 93% YoY and options clearing volume by 185%. Night trading delivered standout performance, with after-hours U.S. stock trading volume via Tiger’s self-clearing up by 240% QoQ. Additionally, leveraging diversified stock lending services, TradeUP's stock lending and margin financing volume grew 114% YoY and 52% QoQ. As of Q3, TradeUP led six IPOs of Asia-Pacific companies, securing the top industry rank.In Australia, Tiger Brokers continued to build trust with local clients, achieving a 104% YoY increase in newly funded accounts. Net asset inflows grew 207% YoY and 82% QoQ. Gross commission income rose 122% YoY. In August, Tiger Trade received the Finder 2024 \"Best Mobile App\" award in Australia, earning significant industry recognition. In New Zealand, Q3 saw strong trading activity on Tiger’s platform, attracting a large number of high-quality clients, with total deposits increasing 128% YoY, and trading volume surging 249% YoY. US stocks and options trading continued to perform well, with the number of orders growing 114% and 124% YoY respectively in Q3.New subscriptions to Trade Feed grew 85% QoQTiger Vault's users doubled YoYIn Q3, commission income rose 20.9% QoQ to US$41.2 million, while interest-related income grew 22% YoY to US$50.8 million. Tiger Brokers continues to enhance its one-stop global investing experience. Product enhancements include enriched options functions with the addition of implied volatility and options volatility analysis*, catering to professional users and helping them select appropriate options strategies. A new \"Yield Hunting\" product list on Tiger’s wealth homepage provides rich historical backtesting performance and fundamental information, empowering high-net-worth individuals to optimize investment decisions and maximize returns. Key metrics such as backtested PoP(Probability of Profit) and are assignment probability have been added to the FCN notes details page. A new watchlist assistant feature* provides timely alerts on stock movements for holdings, helping investors avoid missing crucial investment opportunities. The Trade Feed feature continues to upgrade, with the significant addition of Guru Tracker* in Q3, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. Trade Feed is now supported in Australia, helping novice investors stay informed on the latest trading activity. The number of new Trade Feed feature subscriptions grew significantly, up 85% QoQ.On the wealth management side, spurred by the Federal Reserve's rate cuts, assets under management (AUM) and users grew 101% and 92% YoY in Q3. Tiger Vault continued to gain traction, with AUM and users increasing 99% and 106% YoY. Tiger Wealth's expanded product range is driving deeper client engagement across asset classes. The AUM of US Treasury bonds held by wealth clients grew 64% QoQ. Gross merchandise value (GMV) for structured notes traded by high-net-worth clients saw a growth rate of over 112% QoQ. To help clients navigate market volatility, Tiger Wealth launched thematic content and a series of livestreams on topics such as the \"US Election\" and \"Trading Amidst Rate Cuts\" in Q3, featuring expert insights and providing timely, in-depth market analysis. Tiger Wealth's newly launched Hong Kong immigration through investment services and flexible US Treasury Discretionary Portfolio Management (DPM) services also proved popular with high net worth clients in Q3.Since its launch, the TradingFront asset management platform (TAMP) has focused on providing flexible account structures, convenient online account opening, and multi-market, multi-asset trading services, steadily building a strong reputation among trading-oriented institutional clients. In Q3, TradingFront platform AUM grew 16% QoQ, and the number of regular investing accounts increased 20% QoQ. At the Singapore Financial Advisers Association (AFA) annual conference in August, Tiger highlighted how TradingFront empowers financial advisors to leverage fintech and AI, keeping pace with industry changes and continuously enhancing their service efficiency and capabilities.Among the top three HK IPO underwritersEmployee stock option management SaaS platform net profit jumped over 2.7 times QoQIn Q3, UP Fintech's other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), reached US$9.1 million. Tiger Brokers continued to demonstrate its strong capabilities and expertise in US stock underwriting. In the reporting period, Tiger served as the lead underwriter for three US IPOs, acting as the sole lead underwriter for both NIP Group and XCharge. Leveraging its superior trade execution capabilities, Tiger also facilitated three share repurchase agreements for US-listed companies in Q3. Furthermore, Tiger underwrote nine Hong Kong IPOs in the reporting period, including those of Metasurface Technologies, Zhonggan Communication, Xi'an Kingfar Property, and Fangzhou Jianke, ranking among the top three on the Hong Kong IPO underwriting league table for Q3.The Employee Stock Ownership Plan (ESOP) front, or UponeShare, added 18 new enterprise clients to reach 597 total clients served. Client retention improved significantly, with repeat orders exceeding new orders and growing 33.3% QoQ. Meanwhile, the Company continued to expand into new business models, signing its first software product order during the quarter. Following its milestone of achieving profitability in Q2, the employee stock option management SaaS platform maintained its positive momentum in Q3, with net profit surging by over 270% QoQ and on track for full-year profitability.Regarding Tiger Enterprise Account, the Company added 13 new clients this quarter, including ChaPanda, Shansong, and YXT.com, bringing the total number of enterprise clients to 455. During the quarter, the Company facilitated Tuya Inc.'s Q2 earnings call, promoting effective communication with the market. \"Tiger Online Show\", a high-profile, in-depth interview series, partnered with Kingsoft Cloud executives in September to provide investors with insights and guidance on investment decisions in the cloud services sector. Additionally, the Tiger Enterprise Account has successfully organized an investor relations event for Eastbuy, delving into the business development of livestream e-commerce and exploring new industry trends.*Available in certain markets","news_type":1},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362377116684528,"gmtCreate":1729504454232,"gmtModify":1729504456631,"author":{"id":"4107146342878220","authorId":"4107146342878220","name":"Wilson Tay","avatar":"https://community-static.tradeup.com/news/19039fd6e62ec7daa7e2e8f12a80bfc9","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4107146342878220","idStr":"4107146342878220"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01347\">$HUA HONG SEMI(01347)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/01347\">$HUA HONG SEMI(01347)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$HUA HONG SEMI(01347)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362377116684528","isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360316504256632,"gmtCreate":1728987013962,"gmtModify":1728987953904,"author":{"id":"4107146342878220","authorId":"4107146342878220","name":"Wilson Tay","avatar":"https://community-static.tradeup.com/news/19039fd6e62ec7daa7e2e8f12a80bfc9","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4107146342878220","idStr":"4107146342878220"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360316504256632","repostId":"1141371449","repostType":2,"repost":{"id":"1141371449","pubTimestamp":1728964047,"share":"https://ttm.financial/m/news/1141371449?lang=&edition=fundamental","pubTime":"2024-10-15 11:47","market":"sh","language":"en","title":"China Banks Mull Cutting Deposit Rates as Early as This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1141371449","media":"Bloomberg","summary":"China has lowered key policy rates, slashed mortgage costsLenders are under growing pressure from record low marginsChinese banks are set to trim rates on 300 trillion yuan ($42.3 trillion) of deposit","content":"<html><head></head><body><ul style=\"\"><li><p>China has lowered key policy rates, slashed mortgage costs</p></li><li><p>Lenders are under growing pressure from record low margins</p></li></ul><p>Chinese banks are set to trim rates on 300 trillion yuan ($42.3 trillion) of deposits as soon as this week after the latest barrage of stimulus policies further squeeze their profitability, according to people familiar with the matter.</p><p style=\"text-align: start;\">Major banks including Industrial &amp; Commercial Bank of China Ltd. and China Construction Bank Corp. will be guided by the central bank’s interest rate self-disciplinary mechanism to lower the rates on a number of deposit products, said the people, who asked not to be identified discussing a private matter.</p><p style=\"text-align: start;\">Rates on one-year time deposit may drop by at least 20 basis points, while those on longer tenors may come down at least 25 basis points, the people said. The plans have yet to be finalized, they said.</p><p>The cuts would mark the second such reduction this year, following the previous round in late July. The People’s Bank of China didn’t immediately respond to a request for a comment.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/70c4356512c09dceb36662db447ad628\" tg-width=\"1200\" tg-height=\"675\"/></p><p style=\"text-align: start;\">The moves come after China unveiled its biggest package yet to shore up its sputtering economy, slashing policy rates as well as the borrowing costs on $5.3 trillion in outstanding mortgages.</p><p style=\"text-align: start;\">The PBOC last month delivered the biggest-ever decrease to the interest rate charged on its one-year policy loans. Governor Pan Gongsheng also said reduction in deposit rates would follow suit.</p><p style=\"text-align: start;\">China’s commercial banks have had some leeway in setting their own rates since the central bank scrapped direct control in 2005. The People’s Bank of China, however, maintains substantial sway by setting a ceiling and floor for rates through the interest rate self-disciplinary body.</p><p>Chinese banks implemented a broad cut in deposit rates in late 2022, the first such move since 2015, after authorities urged them to boost lending. They lowered deposit interest three more times last year.</p><p>Despite the reductions, the industry’s net interest margins have been falling and hit a record low of 1.54% at the end of June, well below the 1.8% threshold regarded as necessary to maintain reasonable profitability.</p><p style=\"text-align: start;\">Bloomberg reported earlier that China is considering injecting up to 1 trillion yuan of capital into its biggest state banks to increase their capacity to support the world’s second-largest economy.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Banks Mull Cutting Deposit Rates as Early as This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Banks Mull Cutting Deposit Rates as Early as This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-15 11:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-15/china-mega-banks-to-cut-deposit-rates-as-early-as-this-week?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China has lowered key policy rates, slashed mortgage costsLenders are under growing pressure from record low marginsChinese banks are set to trim rates on 300 trillion yuan ($42.3 trillion) of ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-15/china-mega-banks-to-cut-deposit-rates-as-early-as-this-week?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","YINN":"三倍做多富时中国ETF-Direxion","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/articles/2024-10-15/china-mega-banks-to-cut-deposit-rates-as-early-as-this-week?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141371449","content_text":"China has lowered key policy rates, slashed mortgage costsLenders are under growing pressure from record low marginsChinese banks are set to trim rates on 300 trillion yuan ($42.3 trillion) of deposits as soon as this week after the latest barrage of stimulus policies further squeeze their profitability, according to people familiar with the matter.Major banks including Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp. will be guided by the central bank’s interest rate self-disciplinary mechanism to lower the rates on a number of deposit products, said the people, who asked not to be identified discussing a private matter.Rates on one-year time deposit may drop by at least 20 basis points, while those on longer tenors may come down at least 25 basis points, the people said. The plans have yet to be finalized, they said.The cuts would mark the second such reduction this year, following the previous round in late July. The People’s Bank of China didn’t immediately respond to a request for a comment.The moves come after China unveiled its biggest package yet to shore up its sputtering economy, slashing policy rates as well as the borrowing costs on $5.3 trillion in outstanding mortgages.The PBOC last month delivered the biggest-ever decrease to the interest rate charged on its one-year policy loans. Governor Pan Gongsheng also said reduction in deposit rates would follow suit.China’s commercial banks have had some leeway in setting their own rates since the central bank scrapped direct control in 2005. The People’s Bank of China, however, maintains substantial sway by setting a ceiling and floor for rates through the interest rate self-disciplinary body.Chinese banks implemented a broad cut in deposit rates in late 2022, the first such move since 2015, after authorities urged them to boost lending. They lowered deposit interest three more times last year.Despite the reductions, the industry’s net interest margins have been falling and hit a record low of 1.54% at the end of June, well below the 1.8% threshold regarded as necessary to maintain reasonable profitability.Bloomberg reported earlier that China is considering injecting up to 1 trillion yuan of capital into its biggest state banks to increase their capacity to support the world’s second-largest economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":226276145455200,"gmtCreate":1696316916280,"gmtModify":1696318404852,"author":{"id":"4107146342878220","authorId":"4107146342878220","name":"Wilson Tay","avatar":"https://community-static.tradeup.com/news/19039fd6e62ec7daa7e2e8f12a80bfc9","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4107146342878220","idStr":"4107146342878220"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/06185\">$CANSINOBIO(06185)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/06185\">$CANSINOBIO(06185)$&nbsp;</a>","text":"$CANSINOBIO(06185)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/226276145455200","isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":217484284453000,"gmtCreate":1694120690240,"gmtModify":1694121714947,"author":{"id":"4107146342878220","authorId":"4107146342878220","name":"Wilson Tay","avatar":"https://community-static.tradeup.com/news/19039fd6e62ec7daa7e2e8f12a80bfc9","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4107146342878220","idStr":"4107146342878220"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BAC\">$Bank of America(BAC)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/BAC\">$Bank of America(BAC)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Bank of America(BAC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/217484284453000","isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969477269,"gmtCreate":1668513588651,"gmtModify":1676538068695,"author":{"id":"4107146342878220","authorId":"4107146342878220","name":"Wilson Tay","avatar":"https://community-static.tradeup.com/news/19039fd6e62ec7daa7e2e8f12a80bfc9","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4107146342878220","idStr":"4107146342878220"},"themes":[],"htmlText":"Be safe not sorry&nbsp;","listText":"Be safe not sorry&nbsp;","text":"Be safe not sorry","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969477269","repostId":"1106397932","repostType":4,"repost":{"id":"1106397932","pubTimestamp":1668508576,"share":"https://ttm.financial/m/news/1106397932?lang=&edition=fundamental","pubTime":"2022-11-15 18:36","market":"us","language":"en","title":"U.S. Stock Futures Lifted By Fed Pivot Hopes Ahead of Producer-Price Data","url":"https://stock-news.laohu8.com/highlight/detail?id=1106397932","media":"Bloomberg","summary":"Bulls piled back into global stock markets, encouraged by an easing in Sino-US tensions and growing ","content":"<html><head></head><body><p>Bulls piled back into global stock markets, encouraged by an easing in Sino-US tensions and growing confidence that the Federal Reserve will be able to slow its rate hiking pace.</p><p>As Treasury yields and the dollar slipped, index futures on the Nasdaq 100 jumped more than 1%, boosted also by hefty gains earlier across Asian technology companies. Chipmakers Advanced Micro Devices Inc., Nvidia Corp. and Intel Corp. rose between 1.3%-2% in US premarket trading, while Tesla Inc., Amazon.com Inc., Apple Inc., and Alphabet Inc. all added about 1% each.</p><p>Europe’s Stoxx 600 index fluctuated just above flat, though the market is close to a three-month high and Germany’s Dax index is on the cusp of a technical bull-market, having narrowly missed that milestone on Monday. In Asia, Hong Kong’s Hang Seng benchmark rose above that threshold, gaining as much as 4.2%.</p><p>Markets have turned risk-on in recent days, trading off a softer-than-expected US data print that many reckon will allow the Fed to raise rates in 50 basis-point increment, after three 75 basis-point hikes. That view was encouraged by Vice Chair Lael Brainard who said on Monday it would probably be “appropriate soon to move to a slower pace of increases.”</p><p>“The issue the market has to wrestle with is how long is the Fed going to keep rates at that level and I think there is some positive sentiment out there that the Fed is going to pivot sometime in 2023,” Peter Kraus, Chairman and CEO at Aperture Investors, told Bloomberg Television.</p><p>Chinese technology stocks were among the top contributors to gains in the MSCI Asia Pacific Index. Taiwan Semiconductor Manufacturing Co. surged as much as 9.4% after Warren Buffett took a stake of about $5 billion in the chipmaker.</p><p>On currency markets, the dollar fell against a basket of currencies, touching its lowest since August 18, while 10-year Treasury yields also slipped. Data showing Japan’s economy unexpectedly shrank in the third quarter, as well as softer- than-expected Chinese retail sales figures, highlighted risks for global growth.</p><p>Bank of America’s global fund manager survey for November showed sentiment remains “uber-bearish,” with investors still crowded into the dollar and cash, while tech stocks remain unpopular.</p><p>“My biggest concern is the market gets ahead of itself and we get into a situation where the Fed feels it needs to rein in, and tighten more than it otherwise would have, as markets became too frothy,” Kristina Hooper, chief global strategist at Invesco said on Bloomberg Radio.</p><p>Concerns over the near-term demand outlook hit oil prices, taking US crude futures down 2% on the day.</p><p>Key events this week:</p><ul><li>Former US President Donald Trump plans to make an announcement, Tuesday</li><li>US empire manufacturing, PPI, Tuesday</li><li>US business inventories, cross-border investment, retail sales, industrial production, Wednesday</li><li>Fed’s John Williams, Lael Brainard and SEC Chair Gary Gensler speak, Wednesday</li><li>ECB President Christine Lagarde speaks, Wednesday</li><li>Eurozone CPI, Thursday</li><li>US housing starts, initial jobless claims, Thursday</li><li>Fed’s Neel Kashkari, Loretta Mester speak, Thursday</li><li>US Conference Board leading index, existing home sales, Friday</li></ul><p>Some of the main moves in markets:</p><p>Stocks</p><ul><li>The Stoxx Europe 600 was little changed as of 10:05 a.m. London time</li><li>Futures on the S&amp;P 500 rose 0.8%</li><li>Futures on the Nasdaq 100 rose 1.2%</li><li>Futures on the Dow Jones Industrial Average rose 0.5%</li><li>The MSCI Asia Pacific Index rose 2%</li><li>The MSCI Emerging Markets Index rose 2.2%</li></ul><p>Currencies</p><ul><li>The Bloomberg Dollar Spot Index fell 0.5%</li><li>The euro rose 0.8% to $1.0406</li><li>The Japanese yen rose 0.5% to 139.15 per dollar</li><li>The offshore yuan was little changed at 7.0358 per dollar</li><li>The British pound rose 0.7% to $1.1833</li></ul><p>Cryptocurrencies</p><ul><li>Bitcoin rose 2.6% to $16,806.85</li><li>Ether rose 2.8% to $1,260.7</li></ul><p>Bonds</p><ul><li>The yield on 10-year Treasuries declined four basis points to 3.81%</li><li>Germany’s 10-year yield declined four basis points to 2.11%</li><li>Britain’s 10-year yield was little changed at 3.36%</li></ul><p>Commodities</p><ul><li>Brent crude fell 1% to $92.23 a barrel</li><li>Spot gold rose 0.3% to $1,777.05 an ounce</li></ul><p>Volatility</p><ul><li>VIX slid 0.72% to 23.56</li><li>VIXmain slid 2.09% to 24.85</li></ul></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stock Futures Lifted By Fed Pivot Hopes Ahead of Producer-Price Data</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stock Futures Lifted By Fed Pivot Hopes Ahead of Producer-Price Data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-15 18:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-14/asia-stocks-set-for-mixed-open-ahead-of-china-data-markets-wrap?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bulls piled back into global stock markets, encouraged by an easing in Sino-US tensions and growing confidence that the Federal Reserve will be able to slow its rate hiking pace.As Treasury yields and...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-14/asia-stocks-set-for-mixed-open-ahead-of-china-data-markets-wrap?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VIX":"标普500波动率指数"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-14/asia-stocks-set-for-mixed-open-ahead-of-china-data-markets-wrap?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106397932","content_text":"Bulls piled back into global stock markets, encouraged by an easing in Sino-US tensions and growing confidence that the Federal Reserve will be able to slow its rate hiking pace.As Treasury yields and the dollar slipped, index futures on the Nasdaq 100 jumped more than 1%, boosted also by hefty gains earlier across Asian technology companies. Chipmakers Advanced Micro Devices Inc., Nvidia Corp. and Intel Corp. rose between 1.3%-2% in US premarket trading, while Tesla Inc., Amazon.com Inc., Apple Inc., and Alphabet Inc. all added about 1% each.Europe’s Stoxx 600 index fluctuated just above flat, though the market is close to a three-month high and Germany’s Dax index is on the cusp of a technical bull-market, having narrowly missed that milestone on Monday. In Asia, Hong Kong’s Hang Seng benchmark rose above that threshold, gaining as much as 4.2%.Markets have turned risk-on in recent days, trading off a softer-than-expected US data print that many reckon will allow the Fed to raise rates in 50 basis-point increment, after three 75 basis-point hikes. That view was encouraged by Vice Chair Lael Brainard who said on Monday it would probably be “appropriate soon to move to a slower pace of increases.”“The issue the market has to wrestle with is how long is the Fed going to keep rates at that level and I think there is some positive sentiment out there that the Fed is going to pivot sometime in 2023,” Peter Kraus, Chairman and CEO at Aperture Investors, told Bloomberg Television.Chinese technology stocks were among the top contributors to gains in the MSCI Asia Pacific Index. Taiwan Semiconductor Manufacturing Co. surged as much as 9.4% after Warren Buffett took a stake of about $5 billion in the chipmaker.On currency markets, the dollar fell against a basket of currencies, touching its lowest since August 18, while 10-year Treasury yields also slipped. Data showing Japan’s economy unexpectedly shrank in the third quarter, as well as softer- than-expected Chinese retail sales figures, highlighted risks for global growth.Bank of America’s global fund manager survey for November showed sentiment remains “uber-bearish,” with investors still crowded into the dollar and cash, while tech stocks remain unpopular.“My biggest concern is the market gets ahead of itself and we get into a situation where the Fed feels it needs to rein in, and tighten more than it otherwise would have, as markets became too frothy,” Kristina Hooper, chief global strategist at Invesco said on Bloomberg Radio.Concerns over the near-term demand outlook hit oil prices, taking US crude futures down 2% on the day.Key events this week:Former US President Donald Trump plans to make an announcement, TuesdayUS empire manufacturing, PPI, TuesdayUS business inventories, cross-border investment, retail sales, industrial production, WednesdayFed’s John Williams, Lael Brainard and SEC Chair Gary Gensler speak, WednesdayECB President Christine Lagarde speaks, WednesdayEurozone CPI, ThursdayUS housing starts, initial jobless claims, ThursdayFed’s Neel Kashkari, Loretta Mester speak, ThursdayUS Conference Board leading index, existing home sales, FridaySome of the main moves in markets:StocksThe Stoxx Europe 600 was little changed as of 10:05 a.m. London timeFutures on the S&P 500 rose 0.8%Futures on the Nasdaq 100 rose 1.2%Futures on the Dow Jones Industrial Average rose 0.5%The MSCI Asia Pacific Index rose 2%The MSCI Emerging Markets Index rose 2.2%CurrenciesThe Bloomberg Dollar Spot Index fell 0.5%The euro rose 0.8% to $1.0406The Japanese yen rose 0.5% to 139.15 per dollarThe offshore yuan was little changed at 7.0358 per dollarThe British pound rose 0.7% to $1.1833CryptocurrenciesBitcoin rose 2.6% to $16,806.85Ether rose 2.8% to $1,260.7BondsThe yield on 10-year Treasuries declined four basis points to 3.81%Germany’s 10-year yield declined four basis points to 2.11%Britain’s 10-year yield was little changed at 3.36%CommoditiesBrent crude fell 1% to $92.23 a barrelSpot gold rose 0.3% to $1,777.05 an ounceVolatilityVIX slid 0.72% to 23.56VIXmain slid 2.09% to 24.85","news_type":1},"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":217484284453000,"gmtCreate":1694120690240,"gmtModify":1694121714947,"author":{"id":"4107146342878220","authorId":"4107146342878220","name":"Wilson Tay","avatar":"https://community-static.tradeup.com/news/19039fd6e62ec7daa7e2e8f12a80bfc9","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4107146342878220","authorIdStr":"4107146342878220"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BAC\">$Bank of America(BAC)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/BAC\">$Bank of America(BAC)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Bank of America(BAC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/217484284453000","isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370215643545960,"gmtCreate":1731422615372,"gmtModify":1731422619118,"author":{"id":"4107146342878220","authorId":"4107146342878220","name":"Wilson Tay","avatar":"https://community-static.tradeup.com/news/19039fd6e62ec7daa7e2e8f12a80bfc9","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4107146342878220","authorIdStr":"4107146342878220"},"themes":[],"htmlText":"Just hold on for big bull","listText":"Just hold on for big bull","text":"Just hold on for big bull","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370215643545960","repostId":"1146952071","repostType":2,"repost":{"id":"1146952071","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1731399078,"share":"https://ttm.financial/m/news/1146952071?lang=&edition=fundamental","pubTime":"2024-11-12 16:11","market":"us","language":"en","title":"UP Fintech: Revenue Hits Record US$101 Million; Profit at Three-year Peak; Client Assets Doubled YoY to US$40.8 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1146952071","media":"Tiger Newspress","summary":"New York, Nov.12, 2024 – UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), announced its unaudited financial results for the third quarter ended September 30, 2024. UP Fintech","content":"<html><head></head><body><p>New York, Nov.12, 2024 – UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), announced its unaudited financial results for the third quarter ended September 30, 2024. UP Fintech reported record revenue of US$101.1 million in the third quarter, representing a 15.6% increase quarter-over-quarter (QoQ) and a 44.1% increase year-over-year (YoY). Non-GAAP net income attributable to UP Fintech shareholders was US$20.1 million, up 286.5% QoQ and 25.6% YoY. The Company added 60,000 new accounts in Q3, bringing its total global account number to 2.37 million, a 10.2% YoY increase. New funded accounts increased by 50,500, driving total funded accounts to 1,032,800, a 19.3% YoY increase. Trading volume remained robust, with total trading volume increasing 103.1% YoY to US$163 billion. Strong net deposits propelled client assets to US$40.8 billion, a 6.7% QoQ and 115.9% YoY increase, reaching a record high.</p><p style=\"text-align: left;\"><strong>UP Fintech&#39;s founder and CEO, Wu Tianhua</strong>, stated, &#34;In Q3, enhanced product experience drove significant business growth for the company, with revenue surpassing US$100 million—a record high—and profit reaching a three-year peak. Total client assets doubled YoY to US$40.8 billion, and the company has already achieved its annual guidance of acquiring 150,000 newly funded accounts by now. Global trading activity remained strong, with trading volume doubling YoY.&#34;</p><p style=\"text-align: left;\">&#34;Tiger Brokers continued to improve client investment experiences by launching virtual trade-sharing accounts, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. In Hong Kong, Tiger introduced monthly options for Hong Kong stocks in September, boosting weekly trader engagement and order volumes. Recently, we launched weekly stock options for Hong Kong stocks, becoming one of the first brokers to offer cycle options trading in the region, enhancing trading convenience and options for local investors.&#34;</p><p style=\"text-align: left;\"><strong>SG: Achieved record-high quarterly trading volume and commission income</strong></p><p style=\"text-align: left;\"><strong>HK: Client assets grew 30% QoQ</strong></p><p style=\"text-align: left;\">In Singapore, Tiger Brokers saw significant growth in Q3, with several key metrics hitting an all-time high. Both total trading volume and commission income reached record levels, soaring 253% and 72% YoY, respectively. Net asset inflows climbed 134% YoY. Stock trading remained strong, with US and Singapore stock trading volumes reaching record highs, up 87% and 73% YoY. US options trading also performed exceptionally well, setting new records for the number of orders, trading volume, and commission income, with increases of 108%, 187%, and 59% YoY, respectively. Futures trading also saw record trading volume and commission income, jumping 357% and 110% YoY. In addition, the Cash Boost trading account, which was linked to the Central Depository (CDP) account in August, attracted a broader investor base, driving a 43% increase in trading orders and a 53% increase in gross commission QoQ. In September, the Tiger BOSS Debit Card and Tiger Vault were integrated for T+0 automated subscriptions and redemptions, streamlining clients&#39; daily spending, wealth management, and stock trading.</p><p style=\"text-align: left;\">Hong Kong continued to attract high-quality clients in Q3, with client assets growing by over 30% QoQ. In Q3, Hong Kong launched stock options and short-selling to provide local investors with more comprehensive investment options. Following the introduction of monthly stock options in late September, weekly trading activity and order volume rose significantly, reflecting growing demand. Recently, Tiger also introduced weekly Hong Kong stock options, becoming one of the first brokers to support cycle options trading in the region. Since expanding virtual asset trading to retail investors on July 1, Tiger Brokers has seen a surge in the number of investors and orders. This quarter saw Hong Kong users&#39; crypto trading orders and volume jump 1,673% and 1,293% QoQ. Tiger Vault also remained popular, with USD money market fund orders and volume up 99% and 106%, and US Treasury bond orders and volume rising 119% and 160% QoQ.</p><p style=\"text-align: left;\">In the U.S., TradeUP demonstrated robust growth momentum in Q3. User downloads grew by 122% compared to Q2, with account openings up by 88% QoQ, reflecting strong platform appeal and market reach. U.S. client trading volume in U.S. stocks grew 179% QoQ, while options trading increased by 89%. Q3 also marked progress in self-clearing for U.S. stocks and options, enhancing trade execution, stock lending, and settlement. Stock clearing volume rose 93% YoY and options clearing volume by 185%. Night trading delivered standout performance, with after-hours U.S. stock trading volume via Tiger’s self-clearing up by 240% QoQ. Additionally, leveraging diversified stock lending services, TradeUP&#39;s stock lending and margin financing volume grew 114% YoY and 52% QoQ. As of Q3, TradeUP led six IPOs of Asia-Pacific companies, securing the top industry rank.</p><p style=\"text-align: left;\">In Australia, Tiger Brokers continued to build trust with local clients, achieving a 104% YoY increase in newly funded accounts. Net asset inflows grew 207% YoY and 82% QoQ. Gross commission income rose 122% YoY. In August, Tiger Trade received the Finder 2024 &#34;Best Mobile App&#34; award in Australia, earning significant industry recognition. In New Zealand, Q3 saw strong trading activity on Tiger’s platform, attracting a large number of high-quality clients, with total deposits increasing 128% YoY, and trading volume surging 249% YoY. US stocks and options trading continued to perform well, with the number of orders growing 114% and 124% YoY respectively in Q3.</p><p style=\"text-align: left;\"><strong>New subscriptions to Trade Feed grew 85% QoQ</strong></p><p style=\"text-align: left;\"><strong>Tiger Vault&#39;s users doubled YoY</strong></p><p style=\"text-align: left;\">In Q3, commission income rose 20.9% QoQ to US$41.2 million, while interest-related income grew 22% YoY to US$50.8 million. Tiger Brokers continues to enhance its one-stop global investing experience. Product enhancements include enriched options functions with the addition of implied volatility and options volatility analysis*, catering to professional users and helping them select appropriate options strategies. A new &#34;Yield Hunting&#34; product list on Tiger’s wealth homepage provides rich historical backtesting performance and fundamental information, empowering high-net-worth individuals to optimize investment decisions and maximize returns. Key metrics such as backtested PoP(Probability of Profit) and are assignment probability have been added to the FCN notes details page. A new watchlist assistant feature* provides timely alerts on stock movements for holdings, helping investors avoid missing crucial investment opportunities. The Trade Feed feature continues to upgrade, with the significant addition of Guru Tracker* in Q3, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. Trade Feed is now supported in Australia, helping novice investors stay informed on the latest trading activity. The number of new Trade Feed feature subscriptions grew significantly, up 85% QoQ.</p><p style=\"text-align: left;\">On the wealth management side, spurred by the Federal Reserve&#39;s rate cuts, assets under management (AUM) and users grew 101% and 92% YoY in Q3. Tiger Vault continued to gain traction, with AUM and users increasing 99% and 106% YoY. Tiger Wealth&#39;s expanded product range is driving deeper client engagement across asset classes. The AUM of US Treasury bonds held by wealth clients grew 64% QoQ. Gross merchandise value (GMV) for structured notes traded by high-net-worth clients saw a growth rate of over 112% QoQ. To help clients navigate market volatility, Tiger Wealth launched thematic content and a series of livestreams on topics such as the &#34;US Election&#34; and &#34;Trading Amidst Rate Cuts&#34; in Q3, featuring expert insights and providing timely, in-depth market analysis. Tiger Wealth&#39;s newly launched Hong Kong immigration through investment services and flexible US Treasury Discretionary Portfolio Management (DPM) services also proved popular with high net worth clients in Q3.</p><p style=\"text-align: left;\">Since its launch, the TradingFront asset management platform (TAMP) has focused on providing flexible account structures, convenient online account opening, and multi-market, multi-asset trading services, steadily building a strong reputation among trading-oriented institutional clients. In Q3, TradingFront platform AUM grew 16% QoQ, and the number of regular investing accounts increased 20% QoQ. At the Singapore Financial Advisers Association (AFA) annual conference in August, Tiger highlighted how TradingFront empowers financial advisors to leverage fintech and AI, keeping pace with industry changes and continuously enhancing their service efficiency and capabilities.</p><p style=\"text-align: left;\"><strong>Among the top three HK IPO underwriters</strong></p><p style=\"text-align: left;\"><strong>Employee stock option management SaaS platform net profit jumped over 2.7 times QoQ</strong></p><p style=\"text-align: left;\">In Q3, UP Fintech&#39;s other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), reached US$9.1 million. Tiger Brokers continued to demonstrate its strong capabilities and expertise in US stock underwriting. In the reporting period, Tiger served as the lead underwriter for three US IPOs, acting as the sole lead underwriter for both NIP Group and XCharge. Leveraging its superior trade execution capabilities, Tiger also facilitated three share repurchase agreements for US-listed companies in Q3. Furthermore, Tiger underwrote nine Hong Kong IPOs in the reporting period, including those of Metasurface Technologies, Zhonggan Communication, Xi&#39;an Kingfar Property, and Fangzhou Jianke, ranking among the top three on the Hong Kong IPO underwriting league table for Q3.</p><p style=\"text-align: left;\">The Employee Stock Ownership Plan (ESOP) front, or UponeShare, added 18 new enterprise clients to reach 597 total clients served. Client retention improved significantly, with repeat orders exceeding new orders and growing 33.3% QoQ. Meanwhile, the Company continued to expand into new business models, signing its first software product order during the quarter. Following its milestone of achieving profitability in Q2, the employee stock option management SaaS platform maintained its positive momentum in Q3, with net profit surging by over 270% QoQ and on track for full-year profitability.</p><p style=\"text-align: left;\">Regarding Tiger Enterprise Account, the Company added 13 new clients this quarter, including ChaPanda, Shansong, and YXT.com, bringing the total number of enterprise clients to 455. During the quarter, the Company facilitated Tuya Inc.&#39;s Q2 earnings call, promoting effective communication with the market. &#34;Tiger Online Show&#34;, a high-profile, in-depth interview series, partnered with Kingsoft Cloud executives in September to provide investors with insights and guidance on investment decisions in the cloud services sector. Additionally, the Tiger Enterprise Account has successfully organized an investor relations event for Eastbuy, delving into the business development of livestream e-commerce and exploring new industry trends.</p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">*<em>Available in certain markets</em></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech: Revenue Hits Record US$101 Million; Profit at Three-year Peak; Client Assets Doubled YoY to US$40.8 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUP Fintech: Revenue Hits Record US$101 Million; Profit at Three-year Peak; Client Assets Doubled YoY to US$40.8 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-11-12 16:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>New York, Nov.12, 2024 – UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), announced its unaudited financial results for the third quarter ended September 30, 2024. UP Fintech reported record revenue of US$101.1 million in the third quarter, representing a 15.6% increase quarter-over-quarter (QoQ) and a 44.1% increase year-over-year (YoY). Non-GAAP net income attributable to UP Fintech shareholders was US$20.1 million, up 286.5% QoQ and 25.6% YoY. The Company added 60,000 new accounts in Q3, bringing its total global account number to 2.37 million, a 10.2% YoY increase. New funded accounts increased by 50,500, driving total funded accounts to 1,032,800, a 19.3% YoY increase. Trading volume remained robust, with total trading volume increasing 103.1% YoY to US$163 billion. Strong net deposits propelled client assets to US$40.8 billion, a 6.7% QoQ and 115.9% YoY increase, reaching a record high.</p><p style=\"text-align: left;\"><strong>UP Fintech&#39;s founder and CEO, Wu Tianhua</strong>, stated, &#34;In Q3, enhanced product experience drove significant business growth for the company, with revenue surpassing US$100 million—a record high—and profit reaching a three-year peak. Total client assets doubled YoY to US$40.8 billion, and the company has already achieved its annual guidance of acquiring 150,000 newly funded accounts by now. Global trading activity remained strong, with trading volume doubling YoY.&#34;</p><p style=\"text-align: left;\">&#34;Tiger Brokers continued to improve client investment experiences by launching virtual trade-sharing accounts, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. In Hong Kong, Tiger introduced monthly options for Hong Kong stocks in September, boosting weekly trader engagement and order volumes. Recently, we launched weekly stock options for Hong Kong stocks, becoming one of the first brokers to offer cycle options trading in the region, enhancing trading convenience and options for local investors.&#34;</p><p style=\"text-align: left;\"><strong>SG: Achieved record-high quarterly trading volume and commission income</strong></p><p style=\"text-align: left;\"><strong>HK: Client assets grew 30% QoQ</strong></p><p style=\"text-align: left;\">In Singapore, Tiger Brokers saw significant growth in Q3, with several key metrics hitting an all-time high. Both total trading volume and commission income reached record levels, soaring 253% and 72% YoY, respectively. Net asset inflows climbed 134% YoY. Stock trading remained strong, with US and Singapore stock trading volumes reaching record highs, up 87% and 73% YoY. US options trading also performed exceptionally well, setting new records for the number of orders, trading volume, and commission income, with increases of 108%, 187%, and 59% YoY, respectively. Futures trading also saw record trading volume and commission income, jumping 357% and 110% YoY. In addition, the Cash Boost trading account, which was linked to the Central Depository (CDP) account in August, attracted a broader investor base, driving a 43% increase in trading orders and a 53% increase in gross commission QoQ. In September, the Tiger BOSS Debit Card and Tiger Vault were integrated for T+0 automated subscriptions and redemptions, streamlining clients&#39; daily spending, wealth management, and stock trading.</p><p style=\"text-align: left;\">Hong Kong continued to attract high-quality clients in Q3, with client assets growing by over 30% QoQ. In Q3, Hong Kong launched stock options and short-selling to provide local investors with more comprehensive investment options. Following the introduction of monthly stock options in late September, weekly trading activity and order volume rose significantly, reflecting growing demand. Recently, Tiger also introduced weekly Hong Kong stock options, becoming one of the first brokers to support cycle options trading in the region. Since expanding virtual asset trading to retail investors on July 1, Tiger Brokers has seen a surge in the number of investors and orders. This quarter saw Hong Kong users&#39; crypto trading orders and volume jump 1,673% and 1,293% QoQ. Tiger Vault also remained popular, with USD money market fund orders and volume up 99% and 106%, and US Treasury bond orders and volume rising 119% and 160% QoQ.</p><p style=\"text-align: left;\">In the U.S., TradeUP demonstrated robust growth momentum in Q3. User downloads grew by 122% compared to Q2, with account openings up by 88% QoQ, reflecting strong platform appeal and market reach. U.S. client trading volume in U.S. stocks grew 179% QoQ, while options trading increased by 89%. Q3 also marked progress in self-clearing for U.S. stocks and options, enhancing trade execution, stock lending, and settlement. Stock clearing volume rose 93% YoY and options clearing volume by 185%. Night trading delivered standout performance, with after-hours U.S. stock trading volume via Tiger’s self-clearing up by 240% QoQ. Additionally, leveraging diversified stock lending services, TradeUP&#39;s stock lending and margin financing volume grew 114% YoY and 52% QoQ. As of Q3, TradeUP led six IPOs of Asia-Pacific companies, securing the top industry rank.</p><p style=\"text-align: left;\">In Australia, Tiger Brokers continued to build trust with local clients, achieving a 104% YoY increase in newly funded accounts. Net asset inflows grew 207% YoY and 82% QoQ. Gross commission income rose 122% YoY. In August, Tiger Trade received the Finder 2024 &#34;Best Mobile App&#34; award in Australia, earning significant industry recognition. In New Zealand, Q3 saw strong trading activity on Tiger’s platform, attracting a large number of high-quality clients, with total deposits increasing 128% YoY, and trading volume surging 249% YoY. US stocks and options trading continued to perform well, with the number of orders growing 114% and 124% YoY respectively in Q3.</p><p style=\"text-align: left;\"><strong>New subscriptions to Trade Feed grew 85% QoQ</strong></p><p style=\"text-align: left;\"><strong>Tiger Vault&#39;s users doubled YoY</strong></p><p style=\"text-align: left;\">In Q3, commission income rose 20.9% QoQ to US$41.2 million, while interest-related income grew 22% YoY to US$50.8 million. Tiger Brokers continues to enhance its one-stop global investing experience. Product enhancements include enriched options functions with the addition of implied volatility and options volatility analysis*, catering to professional users and helping them select appropriate options strategies. A new &#34;Yield Hunting&#34; product list on Tiger’s wealth homepage provides rich historical backtesting performance and fundamental information, empowering high-net-worth individuals to optimize investment decisions and maximize returns. Key metrics such as backtested PoP(Probability of Profit) and are assignment probability have been added to the FCN notes details page. A new watchlist assistant feature* provides timely alerts on stock movements for holdings, helping investors avoid missing crucial investment opportunities. The Trade Feed feature continues to upgrade, with the significant addition of Guru Tracker* in Q3, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. Trade Feed is now supported in Australia, helping novice investors stay informed on the latest trading activity. The number of new Trade Feed feature subscriptions grew significantly, up 85% QoQ.</p><p style=\"text-align: left;\">On the wealth management side, spurred by the Federal Reserve&#39;s rate cuts, assets under management (AUM) and users grew 101% and 92% YoY in Q3. Tiger Vault continued to gain traction, with AUM and users increasing 99% and 106% YoY. Tiger Wealth&#39;s expanded product range is driving deeper client engagement across asset classes. The AUM of US Treasury bonds held by wealth clients grew 64% QoQ. Gross merchandise value (GMV) for structured notes traded by high-net-worth clients saw a growth rate of over 112% QoQ. To help clients navigate market volatility, Tiger Wealth launched thematic content and a series of livestreams on topics such as the &#34;US Election&#34; and &#34;Trading Amidst Rate Cuts&#34; in Q3, featuring expert insights and providing timely, in-depth market analysis. Tiger Wealth&#39;s newly launched Hong Kong immigration through investment services and flexible US Treasury Discretionary Portfolio Management (DPM) services also proved popular with high net worth clients in Q3.</p><p style=\"text-align: left;\">Since its launch, the TradingFront asset management platform (TAMP) has focused on providing flexible account structures, convenient online account opening, and multi-market, multi-asset trading services, steadily building a strong reputation among trading-oriented institutional clients. In Q3, TradingFront platform AUM grew 16% QoQ, and the number of regular investing accounts increased 20% QoQ. At the Singapore Financial Advisers Association (AFA) annual conference in August, Tiger highlighted how TradingFront empowers financial advisors to leverage fintech and AI, keeping pace with industry changes and continuously enhancing their service efficiency and capabilities.</p><p style=\"text-align: left;\"><strong>Among the top three HK IPO underwriters</strong></p><p style=\"text-align: left;\"><strong>Employee stock option management SaaS platform net profit jumped over 2.7 times QoQ</strong></p><p style=\"text-align: left;\">In Q3, UP Fintech&#39;s other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), reached US$9.1 million. Tiger Brokers continued to demonstrate its strong capabilities and expertise in US stock underwriting. In the reporting period, Tiger served as the lead underwriter for three US IPOs, acting as the sole lead underwriter for both NIP Group and XCharge. Leveraging its superior trade execution capabilities, Tiger also facilitated three share repurchase agreements for US-listed companies in Q3. Furthermore, Tiger underwrote nine Hong Kong IPOs in the reporting period, including those of Metasurface Technologies, Zhonggan Communication, Xi&#39;an Kingfar Property, and Fangzhou Jianke, ranking among the top three on the Hong Kong IPO underwriting league table for Q3.</p><p style=\"text-align: left;\">The Employee Stock Ownership Plan (ESOP) front, or UponeShare, added 18 new enterprise clients to reach 597 total clients served. Client retention improved significantly, with repeat orders exceeding new orders and growing 33.3% QoQ. Meanwhile, the Company continued to expand into new business models, signing its first software product order during the quarter. Following its milestone of achieving profitability in Q2, the employee stock option management SaaS platform maintained its positive momentum in Q3, with net profit surging by over 270% QoQ and on track for full-year profitability.</p><p style=\"text-align: left;\">Regarding Tiger Enterprise Account, the Company added 13 new clients this quarter, including ChaPanda, Shansong, and YXT.com, bringing the total number of enterprise clients to 455. During the quarter, the Company facilitated Tuya Inc.&#39;s Q2 earnings call, promoting effective communication with the market. &#34;Tiger Online Show&#34;, a high-profile, in-depth interview series, partnered with Kingsoft Cloud executives in September to provide investors with insights and guidance on investment decisions in the cloud services sector. Additionally, the Tiger Enterprise Account has successfully organized an investor relations event for Eastbuy, delving into the business development of livestream e-commerce and exploring new industry trends.</p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">*<em>Available in certain markets</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146952071","content_text":"New York, Nov.12, 2024 – UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), announced its unaudited financial results for the third quarter ended September 30, 2024. UP Fintech reported record revenue of US$101.1 million in the third quarter, representing a 15.6% increase quarter-over-quarter (QoQ) and a 44.1% increase year-over-year (YoY). Non-GAAP net income attributable to UP Fintech shareholders was US$20.1 million, up 286.5% QoQ and 25.6% YoY. The Company added 60,000 new accounts in Q3, bringing its total global account number to 2.37 million, a 10.2% YoY increase. New funded accounts increased by 50,500, driving total funded accounts to 1,032,800, a 19.3% YoY increase. Trading volume remained robust, with total trading volume increasing 103.1% YoY to US$163 billion. Strong net deposits propelled client assets to US$40.8 billion, a 6.7% QoQ and 115.9% YoY increase, reaching a record high.UP Fintech's founder and CEO, Wu Tianhua, stated, \"In Q3, enhanced product experience drove significant business growth for the company, with revenue surpassing US$100 million—a record high—and profit reaching a three-year peak. Total client assets doubled YoY to US$40.8 billion, and the company has already achieved its annual guidance of acquiring 150,000 newly funded accounts by now. Global trading activity remained strong, with trading volume doubling YoY.\"\"Tiger Brokers continued to improve client investment experiences by launching virtual trade-sharing accounts, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. In Hong Kong, Tiger introduced monthly options for Hong Kong stocks in September, boosting weekly trader engagement and order volumes. Recently, we launched weekly stock options for Hong Kong stocks, becoming one of the first brokers to offer cycle options trading in the region, enhancing trading convenience and options for local investors.\"SG: Achieved record-high quarterly trading volume and commission incomeHK: Client assets grew 30% QoQIn Singapore, Tiger Brokers saw significant growth in Q3, with several key metrics hitting an all-time high. Both total trading volume and commission income reached record levels, soaring 253% and 72% YoY, respectively. Net asset inflows climbed 134% YoY. Stock trading remained strong, with US and Singapore stock trading volumes reaching record highs, up 87% and 73% YoY. US options trading also performed exceptionally well, setting new records for the number of orders, trading volume, and commission income, with increases of 108%, 187%, and 59% YoY, respectively. Futures trading also saw record trading volume and commission income, jumping 357% and 110% YoY. In addition, the Cash Boost trading account, which was linked to the Central Depository (CDP) account in August, attracted a broader investor base, driving a 43% increase in trading orders and a 53% increase in gross commission QoQ. In September, the Tiger BOSS Debit Card and Tiger Vault were integrated for T+0 automated subscriptions and redemptions, streamlining clients' daily spending, wealth management, and stock trading.Hong Kong continued to attract high-quality clients in Q3, with client assets growing by over 30% QoQ. In Q3, Hong Kong launched stock options and short-selling to provide local investors with more comprehensive investment options. Following the introduction of monthly stock options in late September, weekly trading activity and order volume rose significantly, reflecting growing demand. Recently, Tiger also introduced weekly Hong Kong stock options, becoming one of the first brokers to support cycle options trading in the region. Since expanding virtual asset trading to retail investors on July 1, Tiger Brokers has seen a surge in the number of investors and orders. This quarter saw Hong Kong users' crypto trading orders and volume jump 1,673% and 1,293% QoQ. Tiger Vault also remained popular, with USD money market fund orders and volume up 99% and 106%, and US Treasury bond orders and volume rising 119% and 160% QoQ.In the U.S., TradeUP demonstrated robust growth momentum in Q3. User downloads grew by 122% compared to Q2, with account openings up by 88% QoQ, reflecting strong platform appeal and market reach. U.S. client trading volume in U.S. stocks grew 179% QoQ, while options trading increased by 89%. Q3 also marked progress in self-clearing for U.S. stocks and options, enhancing trade execution, stock lending, and settlement. Stock clearing volume rose 93% YoY and options clearing volume by 185%. Night trading delivered standout performance, with after-hours U.S. stock trading volume via Tiger’s self-clearing up by 240% QoQ. Additionally, leveraging diversified stock lending services, TradeUP's stock lending and margin financing volume grew 114% YoY and 52% QoQ. As of Q3, TradeUP led six IPOs of Asia-Pacific companies, securing the top industry rank.In Australia, Tiger Brokers continued to build trust with local clients, achieving a 104% YoY increase in newly funded accounts. Net asset inflows grew 207% YoY and 82% QoQ. Gross commission income rose 122% YoY. In August, Tiger Trade received the Finder 2024 \"Best Mobile App\" award in Australia, earning significant industry recognition. In New Zealand, Q3 saw strong trading activity on Tiger’s platform, attracting a large number of high-quality clients, with total deposits increasing 128% YoY, and trading volume surging 249% YoY. US stocks and options trading continued to perform well, with the number of orders growing 114% and 124% YoY respectively in Q3.New subscriptions to Trade Feed grew 85% QoQTiger Vault's users doubled YoYIn Q3, commission income rose 20.9% QoQ to US$41.2 million, while interest-related income grew 22% YoY to US$50.8 million. Tiger Brokers continues to enhance its one-stop global investing experience. Product enhancements include enriched options functions with the addition of implied volatility and options volatility analysis*, catering to professional users and helping them select appropriate options strategies. A new \"Yield Hunting\" product list on Tiger’s wealth homepage provides rich historical backtesting performance and fundamental information, empowering high-net-worth individuals to optimize investment decisions and maximize returns. Key metrics such as backtested PoP(Probability of Profit) and are assignment probability have been added to the FCN notes details page. A new watchlist assistant feature* provides timely alerts on stock movements for holdings, helping investors avoid missing crucial investment opportunities. The Trade Feed feature continues to upgrade, with the significant addition of Guru Tracker* in Q3, allowing users to track the trades of prominent figures like Warren Buffett and Nancy Pelosi. Trade Feed is now supported in Australia, helping novice investors stay informed on the latest trading activity. The number of new Trade Feed feature subscriptions grew significantly, up 85% QoQ.On the wealth management side, spurred by the Federal Reserve's rate cuts, assets under management (AUM) and users grew 101% and 92% YoY in Q3. Tiger Vault continued to gain traction, with AUM and users increasing 99% and 106% YoY. Tiger Wealth's expanded product range is driving deeper client engagement across asset classes. The AUM of US Treasury bonds held by wealth clients grew 64% QoQ. Gross merchandise value (GMV) for structured notes traded by high-net-worth clients saw a growth rate of over 112% QoQ. To help clients navigate market volatility, Tiger Wealth launched thematic content and a series of livestreams on topics such as the \"US Election\" and \"Trading Amidst Rate Cuts\" in Q3, featuring expert insights and providing timely, in-depth market analysis. Tiger Wealth's newly launched Hong Kong immigration through investment services and flexible US Treasury Discretionary Portfolio Management (DPM) services also proved popular with high net worth clients in Q3.Since its launch, the TradingFront asset management platform (TAMP) has focused on providing flexible account structures, convenient online account opening, and multi-market, multi-asset trading services, steadily building a strong reputation among trading-oriented institutional clients. In Q3, TradingFront platform AUM grew 16% QoQ, and the number of regular investing accounts increased 20% QoQ. At the Singapore Financial Advisers Association (AFA) annual conference in August, Tiger highlighted how TradingFront empowers financial advisors to leverage fintech and AI, keeping pace with industry changes and continuously enhancing their service efficiency and capabilities.Among the top three HK IPO underwritersEmployee stock option management SaaS platform net profit jumped over 2.7 times QoQIn Q3, UP Fintech's other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), reached US$9.1 million. Tiger Brokers continued to demonstrate its strong capabilities and expertise in US stock underwriting. In the reporting period, Tiger served as the lead underwriter for three US IPOs, acting as the sole lead underwriter for both NIP Group and XCharge. Leveraging its superior trade execution capabilities, Tiger also facilitated three share repurchase agreements for US-listed companies in Q3. Furthermore, Tiger underwrote nine Hong Kong IPOs in the reporting period, including those of Metasurface Technologies, Zhonggan Communication, Xi'an Kingfar Property, and Fangzhou Jianke, ranking among the top three on the Hong Kong IPO underwriting league table for Q3.The Employee Stock Ownership Plan (ESOP) front, or UponeShare, added 18 new enterprise clients to reach 597 total clients served. Client retention improved significantly, with repeat orders exceeding new orders and growing 33.3% QoQ. Meanwhile, the Company continued to expand into new business models, signing its first software product order during the quarter. Following its milestone of achieving profitability in Q2, the employee stock option management SaaS platform maintained its positive momentum in Q3, with net profit surging by over 270% QoQ and on track for full-year profitability.Regarding Tiger Enterprise Account, the Company added 13 new clients this quarter, including ChaPanda, Shansong, and YXT.com, bringing the total number of enterprise clients to 455. During the quarter, the Company facilitated Tuya Inc.'s Q2 earnings call, promoting effective communication with the market. \"Tiger Online Show\", a high-profile, in-depth interview series, partnered with Kingsoft Cloud executives in September to provide investors with insights and guidance on investment decisions in the cloud services sector. Additionally, the Tiger Enterprise Account has successfully organized an investor relations event for Eastbuy, delving into the business development of livestream e-commerce and exploring new industry trends.*Available in certain markets","news_type":1},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362377116684528,"gmtCreate":1729504454232,"gmtModify":1729504456631,"author":{"id":"4107146342878220","authorId":"4107146342878220","name":"Wilson Tay","avatar":"https://community-static.tradeup.com/news/19039fd6e62ec7daa7e2e8f12a80bfc9","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4107146342878220","authorIdStr":"4107146342878220"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01347\">$HUA HONG SEMI(01347)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/01347\">$HUA HONG SEMI(01347)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$HUA HONG SEMI(01347)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362377116684528","isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360316504256632,"gmtCreate":1728987013962,"gmtModify":1728987953904,"author":{"id":"4107146342878220","authorId":"4107146342878220","name":"Wilson Tay","avatar":"https://community-static.tradeup.com/news/19039fd6e62ec7daa7e2e8f12a80bfc9","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4107146342878220","authorIdStr":"4107146342878220"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360316504256632","repostId":"1141371449","repostType":2,"repost":{"id":"1141371449","pubTimestamp":1728964047,"share":"https://ttm.financial/m/news/1141371449?lang=&edition=fundamental","pubTime":"2024-10-15 11:47","market":"sh","language":"en","title":"China Banks Mull Cutting Deposit Rates as Early as This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1141371449","media":"Bloomberg","summary":"China has lowered key policy rates, slashed mortgage costsLenders are under growing pressure from record low marginsChinese banks are set to trim rates on 300 trillion yuan ($42.3 trillion) of deposit","content":"<html><head></head><body><ul style=\"\"><li><p>China has lowered key policy rates, slashed mortgage costs</p></li><li><p>Lenders are under growing pressure from record low margins</p></li></ul><p>Chinese banks are set to trim rates on 300 trillion yuan ($42.3 trillion) of deposits as soon as this week after the latest barrage of stimulus policies further squeeze their profitability, according to people familiar with the matter.</p><p style=\"text-align: start;\">Major banks including Industrial &amp; Commercial Bank of China Ltd. and China Construction Bank Corp. will be guided by the central bank’s interest rate self-disciplinary mechanism to lower the rates on a number of deposit products, said the people, who asked not to be identified discussing a private matter.</p><p style=\"text-align: start;\">Rates on one-year time deposit may drop by at least 20 basis points, while those on longer tenors may come down at least 25 basis points, the people said. The plans have yet to be finalized, they said.</p><p>The cuts would mark the second such reduction this year, following the previous round in late July. The People’s Bank of China didn’t immediately respond to a request for a comment.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/70c4356512c09dceb36662db447ad628\" tg-width=\"1200\" tg-height=\"675\"/></p><p style=\"text-align: start;\">The moves come after China unveiled its biggest package yet to shore up its sputtering economy, slashing policy rates as well as the borrowing costs on $5.3 trillion in outstanding mortgages.</p><p style=\"text-align: start;\">The PBOC last month delivered the biggest-ever decrease to the interest rate charged on its one-year policy loans. Governor Pan Gongsheng also said reduction in deposit rates would follow suit.</p><p style=\"text-align: start;\">China’s commercial banks have had some leeway in setting their own rates since the central bank scrapped direct control in 2005. The People’s Bank of China, however, maintains substantial sway by setting a ceiling and floor for rates through the interest rate self-disciplinary body.</p><p>Chinese banks implemented a broad cut in deposit rates in late 2022, the first such move since 2015, after authorities urged them to boost lending. They lowered deposit interest three more times last year.</p><p>Despite the reductions, the industry’s net interest margins have been falling and hit a record low of 1.54% at the end of June, well below the 1.8% threshold regarded as necessary to maintain reasonable profitability.</p><p style=\"text-align: start;\">Bloomberg reported earlier that China is considering injecting up to 1 trillion yuan of capital into its biggest state banks to increase their capacity to support the world’s second-largest economy.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Banks Mull Cutting Deposit Rates as Early as This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Banks Mull Cutting Deposit Rates as Early as This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-15 11:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-15/china-mega-banks-to-cut-deposit-rates-as-early-as-this-week?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China has lowered key policy rates, slashed mortgage costsLenders are under growing pressure from record low marginsChinese banks are set to trim rates on 300 trillion yuan ($42.3 trillion) of ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-15/china-mega-banks-to-cut-deposit-rates-as-early-as-this-week?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","YINN":"三倍做多富时中国ETF-Direxion","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/articles/2024-10-15/china-mega-banks-to-cut-deposit-rates-as-early-as-this-week?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141371449","content_text":"China has lowered key policy rates, slashed mortgage costsLenders are under growing pressure from record low marginsChinese banks are set to trim rates on 300 trillion yuan ($42.3 trillion) of deposits as soon as this week after the latest barrage of stimulus policies further squeeze their profitability, according to people familiar with the matter.Major banks including Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp. will be guided by the central bank’s interest rate self-disciplinary mechanism to lower the rates on a number of deposit products, said the people, who asked not to be identified discussing a private matter.Rates on one-year time deposit may drop by at least 20 basis points, while those on longer tenors may come down at least 25 basis points, the people said. The plans have yet to be finalized, they said.The cuts would mark the second such reduction this year, following the previous round in late July. The People’s Bank of China didn’t immediately respond to a request for a comment.The moves come after China unveiled its biggest package yet to shore up its sputtering economy, slashing policy rates as well as the borrowing costs on $5.3 trillion in outstanding mortgages.The PBOC last month delivered the biggest-ever decrease to the interest rate charged on its one-year policy loans. Governor Pan Gongsheng also said reduction in deposit rates would follow suit.China’s commercial banks have had some leeway in setting their own rates since the central bank scrapped direct control in 2005. The People’s Bank of China, however, maintains substantial sway by setting a ceiling and floor for rates through the interest rate self-disciplinary body.Chinese banks implemented a broad cut in deposit rates in late 2022, the first such move since 2015, after authorities urged them to boost lending. They lowered deposit interest three more times last year.Despite the reductions, the industry’s net interest margins have been falling and hit a record low of 1.54% at the end of June, well below the 1.8% threshold regarded as necessary to maintain reasonable profitability.Bloomberg reported earlier that China is considering injecting up to 1 trillion yuan of capital into its biggest state banks to increase their capacity to support the world’s second-largest economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":226276145455200,"gmtCreate":1696316916280,"gmtModify":1696318404852,"author":{"id":"4107146342878220","authorId":"4107146342878220","name":"Wilson Tay","avatar":"https://community-static.tradeup.com/news/19039fd6e62ec7daa7e2e8f12a80bfc9","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4107146342878220","authorIdStr":"4107146342878220"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/06185\">$CANSINOBIO(06185)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/06185\">$CANSINOBIO(06185)$&nbsp;</a>","text":"$CANSINOBIO(06185)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/226276145455200","isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969477269,"gmtCreate":1668513588651,"gmtModify":1676538068695,"author":{"id":"4107146342878220","authorId":"4107146342878220","name":"Wilson Tay","avatar":"https://community-static.tradeup.com/news/19039fd6e62ec7daa7e2e8f12a80bfc9","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4107146342878220","authorIdStr":"4107146342878220"},"themes":[],"htmlText":"Be safe not sorry&nbsp;","listText":"Be safe not sorry&nbsp;","text":"Be safe not sorry","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969477269","repostId":"1106397932","repostType":4,"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}