'China's Robinhood' Futu to focus on Singapore, HK expansion amid regulatory pressure

'China's Robinhood' Futu to focus on Singapore, HK expansion amid regulatory pressure

Photo: Myriam Jessier / Unsplash.com

Online brokerage Futu Holdings, known as “China’s Robinhood,” attempted to reassure anxious clients on Wednesday that it would not close accounts and will focus on expanding its presence in Hong Kong and Singapore after Beijing increased pressure on the industry, sending its shares tumbling.

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