本文字数：1706，阅读时长大约3分钟 作者 | 第一财经 亓宁 2025.09. 22 今年以来，伴随港股赚钱效应持续发酵，跨境互联网券商违规发展内地新客户的乱象关注度上升。据 记者了解，从整改过程来看，富途证券、老虎证券对中国内地居民开户条件的设置是逐步收紧的，核 心要求从其他海外券商存量开户证明收紧到境外工作或生活证明，再到近期的全面关闭。 此前第一财经曾报道，应中国政府相关要求，全球最大互联网券商盈透证券（Interactice Brokers）自8月起也逐步收紧了对中国内地居民的开户通道，公司APP已在境内各应用商店下架。 另一家海外券商长桥证券也在6月宣布全面停止中国大陆境内用户通过存量证明方式的开户形式， APP也无法搜索和下载。（ 详见报道《全球最大互联网券商收紧内地居民开户条件，炒港美股避 税"攻略"失灵》 ） 跨境互联网券商富途证券、老虎证券进一步关闭了中国内地居民的开户通道。 9月22日，第一财经记者了解到，根据最新监管要求，富途证券开户条件有所变更， 目前中国内地 客户开户需持有海外永居身份证明。 富途牛牛客服强调，现在公司正在进行系统升级， 现阶段仅支 持有中国香港或澳门身份证的客户 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 富途证券内地居民开户需持有海外永居身份证明；老虎证券仅接受持有非中国内地身份证件的客户申请 开户。 跨境互联网券商富途证券、老虎证券进一步关闭了中国内地居民的开户通道。 9月22日，第一财经记者了解到，根据最新监管要求，富途证券开户条件有所变更，目前中国内地客户 开户需持有海外永居身份证明。富途牛牛客服强调，现在公司正在进行系统升级，现阶段仅支持有中国 香港或澳门身份证的客户开户；待系统升级完成后，客户可使用内地身份证+海外永居身份证明进行开 户。 相较于总部位于新加坡并在中国香港、中国内地等地展业的长桥证券，以及分别向新西兰、中国香港税 务部门上报用户信息的老虎证券、富途证券等，盈透证券总部位于美国，不参与CRS（共同报告标准） 框架下的税务信息交换，不少人认为可以借此规避国内税务部门对其境外所得的监控。 第一财经记者以客户身份咨询时，老虎证券客服也表示，应监管最新要求，公司调整了关于中国内地居 民的开户政策，自上周开始不再接受中国内地居民通过提供境外工作或生活相关证明文件开户，仅接受 持有非中国内地身份证件的客户申请开户。 今年以来 ...

Group 1 - Futu Holdings (FUTU) has experienced a significant increase of 45.70% in stock price over the last three months, with an implied volatility of 54.19% [1][3] - The company offers a digitized brokerage platform, primarily engaged in online brokerage services and margin financing services [8] - The Barchart Technical Opinion rating for FUTU is 88% Buy, indicating a strengthening short-term outlook and support for a bullish trend [7] Group 2 - A covered call strategy can generate income from high volatility stocks like FUTU, with two examples provided for different expiration periods [2][3] - The first covered call example involves buying 100 shares of FUTU for approximately $17,800 and selling an October 17, 180-strike call option for $9.70, generating a premium of $970 [3][4] - The second example involves selling a March 180-strike call option for $26.85, which generates an income of 17.8% over 181 days, equating to around 35.8% annualized [5]

Core Insights - Futu Holdings Limited (FUTU) demonstrated a significant improvement in its operating margin, increasing by 520 basis points (bps) sequentially and 1,570 bps year-over-year in Q2 2025, indicating a successful strategy in enhancing revenue while controlling costs [1][9] - The company experienced a 17% sequential and 70% year-over-year revenue growth, driven by an increase in funded accounts, higher trading volumes, and a client retention rate exceeding 98% [2][9] - Operating expenses rose by only 2.8% sequentially and 20.6% year-over-year, showcasing effective cost management and strong operating leverage [3] - The net income margin also expanded, increasing by 210 bps sequentially and 980 bps year-over-year, reflecting the company's consistent upward trend in profitability metrics [4][9] - FUTU aims to achieve its target of 800,000 new fund accounts annually, which is expected to significantly enhance its revenue [5] - Investments in AI and automation are anticipated to drive future profitability by maintaining lower customer acquisition costs and supporting scalability [6] Valuation and Performance - FUTU's stock price surged by 165.4% over the past year, outperforming competitors and the industry, which saw increases of 71.9% and 35.6% respectively [7] - The company trades at a forward price-to-earnings ratio of 19.52, which is lower than the industry average of 29.09, indicating potential value [11] - The Zacks Consensus Estimate for FUTU's earnings has increased by 15.9% and 13.2% for 2025 and 2026 respectively over the past 60 days, reflecting positive market sentiment [14]

Group 1 - Freightos Limited (CRGO) is part of the Business Services group, which consists of 253 companies and currently ranks 3 within the Zacks Sector Rank [2] - The Zacks Rank system focuses on earnings estimates and revisions, with CRGO holding a Zacks Rank of 2 (Buy) and a 2.9% increase in the full-year earnings estimate over the past three months [3] - Year-to-date, CRGO has achieved an 8.2% return, significantly outperforming the Business Services sector's average return of 0.6% [4] Group 2 - CRGO belongs to the Financial Transaction Services industry, which includes 34 stocks and is currently ranked 53 in the Zacks Industry Rank, with the industry gaining 2.1% year-to-date [6] - Another notable stock in the Business Services sector is Futu Holdings Limited Sponsored ADR (FUTU), which has a year-to-date return of 117.4% and a Zacks Rank of 2 (Buy) [4][5] - The Technology Services industry, to which FUTU belongs, has 118 stocks and is ranked 87, with a year-to-date increase of 37.4% [7]

Core Viewpoint - The article discusses the availability of short-selling options for certain U.S. stocks on the Beta APP, providing a guide on how to check if a stock can be shorted and the current list of stocks available for short-selling [1][4]. Summary by Sections Short-Selling Functionality - The Beta APP currently supports short-selling for select U.S. stocks, with plans to expand the list in the future [1]. - Users can check if a stock is available for short-selling by searching for the stock in the app and clicking the "Sell" button. If the stock supports short-selling, the available quantity will be displayed; if not, it will show as zero [1]. Current Short-Selling List - A list of stocks currently available for short-selling includes notable companies such as Palantir Technologies (PLTR), Tesla (TSLA), Advanced Micro Devices (AMD), and Apple (AAPL) among others [7].

Group 1 - Notified is co-hosting an exclusive IR forum with Futu, featuring Nasdaq as a special guest, aimed at exploring the latest trends and strategies in investor relations [1] - The forum will include a presentation by Eric Liu, covering global investor outreach, retail engagement, and the use of AI in investor relations [2] - The event highlights the strategic alliance between Notified and Futu, with Futu providing digital financial services and solutions for retail investors and enterprises [2] Group 2 - Futu Holdings Limited is recognized as an advanced fintech company, offering fully digital financial services across multiple markets and holding over 100 licenses globally [5] - Notified serves as a technology partner for both investor relations and public relations, providing integrated platforms for corporate communication [4]

Group 1 - Notified and Futu are co-hosting an exclusive investor relations forum on September 17, 2025, featuring executives from publicly listed companies in China, Hong Kong, and the United States [1] - Eric Liu, Senior Director of Notified Greater China, will deliver a keynote speech on the latest trends and best practices in investor relations communication, including global investor outreach and the application of artificial intelligence [1] - Futu is a leading fintech company providing comprehensive digital financial services, including ESOP solutions, IPO distribution, and investor relations services, establishing itself as a preferred partner for many well-known enterprises [1][4] Group 2 - Notified is a technology partner focused on serving investor relations and public relations professionals, offering an integrated platform for media outreach, press release distribution, and investor management [3] - Futu Holdings Limited, listed on NASDAQ as FUTU, holds over 100 licenses across multiple markets, including the US, Hong Kong, Canada, Singapore, Japan, Malaysia, and Australia [4]

Core Viewpoint - Futu Holdings Limited has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based solely on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - The Zacks rating upgrade for Futu Holdings indicates a positive outlook on its earnings, likely leading to increased buying pressure and a rise in stock price [4][6]. Impact of Earnings Estimates on Stock Prices - Changes in a company's future earnings potential, reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [5]. - Institutional investors utilize earnings estimates to calculate the fair value of stocks, and changes in these estimates can lead to significant buying or selling activity, impacting stock prices [5]. Recent Performance of Futu Holdings - For the fiscal year ending December 2025, Futu Holdings is expected to earn $8.24 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 16.5% over the past three months [9]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions and potential for market-beating returns [10][11].

Group 1 - The iShares MSCI EAFE Growth ETF is experiencing unusually high trading volume, with over 10.5 million shares traded compared to a three-month average of approximately 647,000 shares [1] - The ETF's shares are down about 0.5% on the day [1] Group 2 - The components of the ETF with the highest trading volume include Grab Holdings, which is down about 2.2% with over 39.6 million shares traded, and Teva Pharmaceutical, down about 0.7% with over 4.2 million shares changing hands [2] - WIX.COM is performing the best among the components, up about 3.5% on the day, while Futu Holdings is lagging, down about 2.9% [2]