Chinese online brokerage Futu said on Aug. 13 that revenue in the three months to June rose 165% year-on-year to HK$688 million . Net profit rose 328% to HK$237 million.
Bytedance, which owns apps including TikTok, has applied to register a trademark called Songshu Zhengquan, which translates as Squirrel Securities, in Hong Kong, Reuters reported on Aug. 10, citing trademark registration documents. China’s Huatai Financial Holdings, which launched retail stock trading app"Zhangle Global" in Hong Kong, aims to overtake top players like Futu in the market for Chinese retail investors trading offshore, Huatai’s chief executive, Levin Wang, told Reuters in an interview on July 22.
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