BlockBeats News, May 22nd, according to Futu's released Q4 2025 financial report, as of December 31, 2025, the total client assets on the Futu platform reached 1.23 trillion Hong Kong dollars (approximately $158.4 billion).

According to a Futu report released by CICC International on March 16th this year, analysts from the bank stated that the Greater China region still accounts for over 80% of the client assets on the Futu platform.

If the amount of user funds on the Futu platform remains unchanged (almost flat compared to Q3 last year), then in the case of the China Securities Regulatory Commission's strict investigation into illegal cross-border business cases, only Futu, the platform affected, will be cleared out (there is a 2-year rectification period for clearing existing businesses), with user funds of at least approximately $126.7 billion.

If calculated at the same level, the user funds that may be cleared out from Tiger Securities (AUM in Q4 2025 report is $60.8 billion) due to the impact could be approximately $48.6 billion.

Therefore, the total user funds that may be cleared out due to the impact for both Futu and Tiger Securities in this incident are approximately $175 billion.