New York City :
if in Q2, China mainland already account for less than 20%, then, it might drop to 10-15% by Q3. So might not have much impact on Futu business.
102952476New York City:
But remember one thing: Chinese government wants to be in charge of air, water, earth, everything under the sun or beyond the sun. of course including poor FUTU…
102952476BabaBlackSheep:
Those mainlanders went to HK, open a bank account, and put money inside, then can start to trade. The problem is that the communists are not happy about the money going out. They will stop that practice. And FUTU is the collateral damage.
New York City : if in Q2, China mainland already account for less than 20%, then, it might drop to 10-15% by Q3. So might not have much impact on Futu business.
102952476 New York City: But remember one thing: Chinese government wants to be in charge of air, water, earth, everything under the sun or beyond the sun. of course including poor FUTU…
New York City 102952476: True
T将军 : thanks, still not clear, report only said 2nd quarter growth 80% from HK US and Spore.
BabaBlackSheep T将军: Yes.. I wonder what is their actual mainland customers
102952476 BabaBlackSheep: Those mainlanders went to HK, open a bank account, and put money inside, then can start to trade. The problem is that the communists are not happy about the money going out. They will stop that practice. And FUTU is the collateral damage.