According to BlockBeats News, on May 22, after the China Securities Regulatory Commission proposed a fine of approximately 18.5 billion Chinese Yuan (around $2.71 billion) for Futu's related cross-border business activities, the market is concerned about its profit performance and actual pressure level. Futu Holdings' 2025 annual report shows that the company achieved a total revenue of 22.847 billion Hong Kong dollars, a year-on-year increase of 68.1%; Non-GAAP net profit reached 11.645 billion Hong Kong dollars (about $1.49 billion), a year-on-year increase of 101.9%.

Based on the profit scale, the proposed fine amount this time accounts for approximately 18% of Futu's 2025 Non-GAAP net profit. Market analysts believe that based on the current profit level, Futu has the capacity to bear the related fine, but stricter supervision of cross-border business may continue to impact the industry's future business models.

Previously, the China Securities Regulatory Commission stated that certain Futu entities in mainland China and Hong Kong conducted securities, fund sales, and futures business in mainland China without permission, violating the Securities Law and other related laws and regulations.