$Futu Holdings Ltd(FUTU.US$Personally, I think Futu should have no problems with compliance with personal information protection, but the relevant departments will still need some time to verify it. Mainly, the new law has just been implemented, and many detailed issues cannot be clarified even by the supervisory authorities, leaving the relevant enterprises at a loss.
The most likely outcome is that the regulatory authorities require Futu to rectify in accordance with the new regulations. (Actually, Futu has already been rectified last year)
Anyone familiar with the business environment in China knows that “rectification” is the most common word for a Chinese enterprise or government department.
Almost every enterprise or government department rectifies every once in a while. This is a process for the government to improve information security and laws and regulations. There will inevitably be clashes in the middle, but the purpose is not to cause the enterprise to die, but to make the enterprise healthier and the country safer.
The most likely outcome is that the regulatory authorities require Futu to rectify in accordance with the new regulations. (Actually, Futu has already been rectified last year)
Anyone familiar with the business environment in China knows that “rectification” is the most common word for a Chinese enterprise or government department.
Almost every enterprise or government department rectifies every once in a while. This is a process for the government to improve information security and laws and regulations. There will inevitably be clashes in the middle, but the purpose is not to cause the enterprise to die, but to make the enterprise healthier and the country safer.
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$Futu Holdings Ltd(FUTU.US$Futu's circulation market is only 3.8 billion, and it uses 300 million to buy back, which is equivalent to an 8% repurchase rate, which is quite impressive. Looks like Futu doesn't tolerate its market capitalization below $10 billion
Please feel free to buy it. Conservative estimates suggest that it will close above $63 today and return above $80 within a month
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