BlockBeats News, May 23rd - Futu Holdings announced today that as of May 23, 2026, the company has repurchased approximately $160 million worth of American Depositary Shares (corresponding to Class A ordinary shares) under the share repurchase plan announced on November 18, 2025. Depending on market conditions, the company may continue to execute repurchases from time to time under the existing share repurchase plan.

BlockBeats reported yesterday that following the China Securities Regulatory Commission's proposed fine of approximately 1.85 billion RMB (about $271 million) for Futu's related cross-border business activities, the market is concerned about its profit capabilities and actual pressure levels. Futu Holdings' 2025 financial report shows that the company achieved total revenue of 22.847 billion Hong Kong dollars for the year, 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 accounts for approximately 18% of Futu's 2025 Non-GAAP net profit. Market analysis believes that based on the current profit capabilities, Futu has the ability to bear the relevant fines, but the increasingly strict supervision of cross-border business may continue to have a lasting impact on the industry's future business model.