Posted 2/27/2024, 2:30:18 AM
Chinese Broker Futu Aims to Draw Young Investors in Malaysia Expansion
- Futu Holdings, a Chinese online brokerage, is entering the Malaysia market after success in Singapore
- Aims to make investing more accessible to younger investors with apps, data tools, etc.
- Part of strategy to expand globally as China tightens rules on overseas investments
- Targeting 20% Malaysian market share over 2-3 years by focusing on 25-45 age group
- Overseas growth seen offsetting any mainland China impact from tighter regulations