Futu Holdings: Navigating Challenges and Opportunities in the Chinese Stock Market
@Just Do It：
Futu Holdings, a Chinese online brokerage and wealth management company, has been making waves in the Chinese stock market. The company's impressive growth in new customer acquisition and operation has resulted in a steadily rising performance throughout 2022, despite the bearish stock market. In fact, the company released its 2022 unaudited financial information, showing a YoY revenue growth of 42.3% in Q4 and 7% for the full year, with a Non-GAAP net profit growth of 90.2% and 7.6%, respectively. However, it's important to note that Futu Holdings attracted many Chinese investors to open accounts due to the bull market in Hong Kong and US stocks from the end of 2020 to 2021. But, as the regulators have tightened rules for Hong Kong and US stock brokers in China, the incremental market spa