HONG KONG, July 28 12, 2022 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a technology-driven online brokerage and wealth management platform, today announced that S&P Global Ratings (“S&P”) reaffirmed the Company’s long-term issuer credit rating at “BBB-” and maintained a stable outlook for the long-term rating.
According to S&P, Futu is well positioned in the Hong Kong retail brokerage market given its good track record of customer acquisition and retention, and should benefit from market consolidation as an established low-cost operator. price. In addition to focusing on online brokerage, Futu is working to develop new business segments, including wealth management and business services, and to diversify revenue streams, geographic reach, products and customers. In addition, Futu has adequate funding through diversified funding sources, a large collateral pool and prudent credit policies. S&P has taken a positive view of Futu’s RAC (risk adjusted capital) strength and expects Futu to maintain capital adequacy over the next two years.
About Futu Holdings Limited
Futu Holdings Limited (Nasdaq: FUTU) is a cutting-edge technology company transforming the investment experience by offering a fully digitized brokerage and wealth management platform. The company primarily serves the emerging affluent population, seeking a huge opportunity to facilitate a unique shift in the wealth management industry and create a digital gateway to broader financial services. The Company provides investment services through its proprietary digital platforms, Futubull and moomoo, each of which is a highly integrated application accessible via any mobile device, tablet or desktop computer. The Company’s main fee-generating services include trade execution – which allows its clients to trade securities, such as stocks, ETFs, warrants, options and futures on various markets – as well as margin financing and securities lending. Futu has also integrated social media tools to create a user-centric network and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate” , “future,” “intends,” “anticipates,” “believes,” “estimates,” and similar statements. Among other things, quotes from the Company’s management team contain forward-looking statements. Futu may It may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. statements that are not historical facts, including statements about Futu’s beliefs and expectations, are forward-looking statements. inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: Futu’s objective and strategies; Futu’s expansion plans; the future business development, financial condition and results of operations of Futu; Futu’s expectations regarding market demand for and acceptance of its credit products; Futu’s expectations regarding maintaining and strengthening its relationships with borrowers, institutional funding partners, commodity suppliers and other parties with whom it does business; general economic and commercial conditions; and assumptions underlying or relating to any of the foregoing. Further information regarding these and other risks is included in Futu’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Futu undertakes no obligation to update any forward-looking statements except as required by applicable law.
For investor inquiries, please contact:
Investor Relations Futu Holdings Limited [email protected]
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