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Futu and Tiger Brokers: user assets potentially impacted by regulatory actions may total about $175.3 billion

Futu's Q4 2025 earnings report shows that as of Dec. 31, 2025, total client assets on its platform stood at HK$1.23 trillion (about $158.4 billion). China Merchants International said in a March 16 report that more than 80% of Futu's client assets come from Greater China. Assuming asset levels stay the same, the user funds affected by regulatory actions and later removed from Futu would be about $126.7 billion. The comparable figure for Tiger Brokers is about $48.6 billion, bringing the combined total to roughly $175.3 billion.
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