|Bid||4.7000 x 4000|
|Ask||4.7300 x 900|
|Day's Range||4.6100 - 4.9800|
|52 Week Range||4.0800 - 38.5000|
|Beta (5Y Monthly)||1.48|
|PE Ratio (TTM)||23.79|
|Earnings Date||Mar. 24, 2022 - Mar. 28, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.17|
China's central bank cut some of the country's benchmark lending rates, sending many Chinese tech stocks upwards.
After getting off to a blistering start in 2021, Futu Holdings (NASDAQ: FUTU) finished the year down 5.4%, according to data provided by S&P Global Market Intelligence. The fintech was one of many Chinese companies affected by a wave of regulations laid down by China's leadership during the year. Shares of Futu Holdings, an online brokerage that operates in China, gained 234% during the first two months of the year.
Chinese officials are planning to ban online brokerages such as Futu Holdings Ltd and UP Fintech Holding Ltd from offering offshore trading services to mainland clients, the latest development in a broad regulatory crackdown that has roiled a wide range of sectors over the past year. The Nasdaq-listed Chinese firms are two of the biggest players in the sector and a ban would block millions of retail investors in mainland China from trading securities easily in markets such as the United States and Hong Kong. Concerns over data security and capital outflows are driving the potential ban, sources said.