HONG KONG, June 03, 2021 (GLOBE NEWSWIRE) — Futu Holdings Restricted (“Futu” or the “Firm”) (Nasdaq: FUTU), a number one tech-driven on-line brokerage and wealth administration platform in China, at the moment introduced S&P World Scores (“S&P”) has assigned an funding grade long-term issuer credit standing “BBB-” to the Firm. The outlook on the long-term score is steady. A “bbb” GCP (group credit score profile) has additionally been assigned. The score on Futu displays the Firm’s main market place within the Hong Kong brokerage market, robust capitalization with strong financing standing, and prudent threat controls.
Futu is the primary on-line dealer within the Asia-Pacific area to have obtained worldwide score, and the primary Hong Kong-based dealer to have obtained standalone funding grade issuer score, with its “bbb” GCP being the best grade GCP/SACP (standalone credit score profile) that S&P has assigned to securities companies in Better China.
In response to S&P, Futu has good market presence in Hong Kong as a retail-focused on-line dealer, and is well-placed to reap the benefits of the model recognition to develop abroad market reminiscent of US and Singapore. Regardless of the present reliance on brokerage, Futu is striving to develop new enterprise segments together with wealth administration, enterprise providers, and diversify income sources, geographic attain, product classes and shopper base. Futu’s score is well-positioned by its robust RAC (risk-adjusted capital), and S&P anticipates that Futu will maintain the capital adequacy to help its speedy progress. Futu’s funding sources can fulfill its funding wants because of the big collateral pool and prudent credit score insurance policies, and the corporate pays extra consideration to the diversification of funding channels sooner or later. As well as, Futu additionally advantages from enterprise synergies with Tencent, its second largest shareholder by voting rights as of end-2020.
About Futu Holdings Restricted
Futu Holdings Restricted (Nasdaq: FUTU) is a complicated expertise firm reworking the investing expertise by providing a totally digitized brokerage and wealth administration platform. The Firm primarily serves the rising prosperous inhabitants, pursuing an enormous alternative to facilitate a once-in-a-generation shift within the wealth administration business and construct a digital gateway into broader monetary providers. The Firm supplies investing providers by means of its proprietary digital platforms, Futubull and moomoo, every a extremely built-in software accessible by means of any cellular gadget, pill or desktop. The Firm’s main fee-generating providers embody commerce execution and margin financing which permit its shoppers to commerce securities, reminiscent of shares, warrants, choices, futures and exchange-traded funds, or ETFs, throughout totally different markets. Futu enhances the consumer and shopper expertise with market information and information, analysis, in addition to highly effective analytical instruments, offering them with a data-rich basis to simplify the investing decision-making course of. Futu has additionally embedded social media instruments to create a community centered round its customers and supply connectivity to customers, buyers, firms, analysts, media and key opinion leaders.
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Futu Holdings Restricted