Futu Holdings reported strong Q2 2024 results with total revenues increasing 25.9% YoY to HK$3.13 billion, driven by 44.5% growth in brokerage commission income and 13.2% growth in interest income. Net income rose 8% YoY to HK$1.21 billion, with a 38.6% net margin. Total trading volume surged 69% YoY to HK$1.62 trillion.The company achieved significant client growth with paying clients increasing 28.8% YoY to 2.04 million. Total client assets reached a record HK$579.3 billion, up 24.3% YoY, supported by robust net asset inflow. Margin financing and securities lending balance hit an all-time high of HK$43.8 billion, up 28.8% YoY.Futu expanded its product offerings by launching cryptocurrency trading in Hong Kong and Singapore. The company raised its 2024 guidance to 550,000 new paying clients after achieving over 80% of its full-year target in H1. Wealth management business showed strong momentum with total client assets up 83.6% YoY to HK$79.8 billion, representing 14% of total client assets.

Futu Holdings reported strong Q2 2024 results with total revenues increasing 25.9% YoY to HK$3.13 billion, driven by 44.5% growth in brokerage commission income and 13.2% growth in interest income. Net income rose 8% YoY to HK$1.21 billion, with a 38.6% net margin. Total trading volume surged 69% YoY to HK$1.62 trillion.The company achieved significant client growth with paying clients increasing 28.8% YoY to 2.04 million. Total client assets reached a record HK$579.3 billion, up 24.3% YoY, supported by robust net asset inflow. Margin financing and securities lending balance hit an all-time high of HK$43.8 billion, up 28.8% YoY.Futu expanded its product offerings by launching cryptocurrency trading in Hong Kong and Singapore. The company raised its 2024 guidance to 550,000 new paying clients after achieving over 80% of its full-year target in H1. Wealth management business showed strong momentum with total client assets up 83.6% YoY to HK$79.8 billion, representing 14% of total client assets.