Financial results
One borrower represented 96% of Futu’s stock-pledged loans—not its margin book
A roughly HK$1.83bn borrower dominated a narrow enterprise-lending portfolio that represented only 2.93% of Futu’s total gross loans and advances.
Futu
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Financial results
Futu’s leverage book grew at three times the rate of client assets as interest nearly matched commissions
Futu’s published year-end and June figures show margin financing and securities lending rising about 40.5%, against 13.5% growth in client assets, while interest income nearly matched brokerage commissions.