KUALA
LUMPUR, Malaysia, May 16, 2023
/PRNewswire/ -- Futu Holdings Limited (the "Company", Nasdaq: FUTU)
today announces its expansion into Malaysia with its super investment platform,
moomoo, introducing a comprehensive suite of tech-driven offerings
to promote financial inclusion. Through inclusive finance,
Malaysia investors will enjoy
lifelong access to a holistic suite of self-help educational
resources, free-for-all market data and a supportive global
community to unlock more opportunities.
Says Robin Xu, Senior Partner and
Senior Vice President, Futu Holdings Limited: "We're proud and
excited to bring our one-stop platform, moomoo to Malaysia, the second SEA launch. Our
world-class research and development capabilities and long-standing
business success in serving over 20 million users worldwide allow
us to provide better tech-driven solutions to the market, enabling
everyone to be equipped with the necessary access, tools and
knowledge to make informed decisions along the investment
journey."
A New Era of Investment With Financial Technology
The Company's wholly-owned Malaysian subsidiary has recently
received the Approval-In-Principle ("AIP") for the Capital Markets
Services License ("CMSL") from the Securities Commission Malaysia
("SC"), marking a giant leap in its Southeast Asia business expansion plans.
Attaining the AIP from the SC further reinforces the Company's
overall mission and vision to make investing easy and accessible to
both investors and stakeholders.
He adds: "We are thrilled to have been granted the AIP from the
SC, as it is a validation of our mission and vision to make
investing more convenient and accessible to investors worldwide.
Following our success in Singapore
and other APAC markets, we are well-equipped to bring our
international know-hows in transforming the digitised investment
landscape in Malaysia. With its
32.7 million[1] well-structured population,
business-friendly environment, educated talent pool and high
digital literacy levels, the country will serve as a catalyst for
growth. The Company values Malaysia as a strategic location to roll out
its cutting-edge super investment platform."
Empowering Malaysians To Unlock More Opportunities
Education is the cornerstone for lifelong learning and personal
development. Designed to empower retail investors of all levels to
uncover opportunities that are exclusive to the investment
platform, moomoo is packed with highly intuitive tools, features
and functions. With moomoo, retail investors are encouraged to also
adopt a self-directed learning approach to securities and
derivatives trading. This will be the first such financial literacy
solution to roll out in Malaysia
by a global technology company that believes in making investing
right at the fingertips via digitalisation.
Fostering A Synergistic Ecosystem Upon The Nation's
Digitalisation Trends
With its global presence and know-how in providing digitised
investment services across major markets, the Company sees its
unique digitised ecosystem that aggregates 20 million investors
worldwide would promote financial inclusion in Malaysia, and has a positive effect on driving
the industry forward. By fostering a synergistic ecosystem
with thousands of public companies, fund houses, media, and market
practitioners, the moo community would be a winning strategy for
the new market and a pathway to business success.
Click here to know more about the most powerful investment
platform and application, and the start of a new investing era.
About Futu Holdings Limited
Futu Holdings Limited ("Futu") (Nasdaq: FUTU) is an advanced
fintech company upgrading the investing experience by offering
fully digitalised financial services in multiple markets. Futu was
listed on Nasdaq on March 8, 2019.
Futu offers market data, financial news, interactive social
features, and investor education on its proprietary one-stop
digital platforms, Futubull, and moomoo.
Its subsidiaries provide clients with investing services,
including trading and clearing services for the United States, Hong Kong SAR, China
Connect, Singapore, and
Australia stocks, margin
financing, and securities lending, and wealth management. By
creating an ecosystem centered around its users, Futu provides
connectivity to users, investors, analysts, media, companies, and
institutions. Futu also provides Employee Stock Ownership Plan
(ESOP) solutions, initial public offering (IPO) distribution, and
investor relations (IR) and public relations (PR) services through
its institutional and corporate services brand, becoming the go-to
partner of many well-known companies. Futu Trustee provides
one-stop wealth management solutions for corporate clients and
high-net-worth individuals and families, and revolutionizes service
delivery for ESOP Trust Administration, Family Trust, and Family
Office through technology.
Futu aims to become an influential financial services platform
globally, by adhering to the missions of prioritizing users and
user experience, driving high innovation across its product
upgrade, and enriching products and services offering that meet the
evolving needs of investors, companies, and the industry.
For more information, please visit: http://futuholdings.com
Source:
[1]. Ministry of Economy, Department of Statistics,
Malaysia, accessed 16 May 2023,
https://www.dosm.gov.my/portal-main/release-content/current-population-estimates-malaysia-2022#:~:text=The%20total%20population%20of%20Malaysia,growth%20rate%20of%200.2%20percent
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SOURCE Futu Holdings Limited