Future Holdings Ltd. (Nasdaq: FHL) announced that its subsidiary, which lets in Chinese people to alternate shares within the United States and Hong Kong, has all started to provide constant income and equity price range with Money Plus, its online wealth control provider. Futu Securities International now operates a one-forestall asset allocation platform, which offers its clients the option to manage stock trading and wealth management in a single area, in line with a current statement by way of the company.
Money Plus, which was originally launched in May, offers money market finances to Hong Kong clients. The new additions help one-of-a-kind funding goals and chance preferences, consistent with the document. Rovin Li Xu, the vice president of Futu, said in an assertion, “The launch of Money Plus marks an extensive milestone for us as we officially enter the wealth control commercial enterprise.”
He added, “We agree that Money Plus provides extra diverse alternatives to fulfill the investment needs of our users better. We will hold to enlarge our wealth management services and products so one can deliver top class, green, one-prevent overseas asset allocation solutions for our customers.”
Futu, a tech-driven online brokerage platform with headquarters in Hong Kong and Shenzhen, lately reported its modern-day financials. The employer stated its revenue reached $33.3 million in three months thru June, up 40 percent year-over-year. Net income rose 129 percent year-over-year to $7.1 million, or 6 cents in step with the American depositary proportion.