Research On The Development Problem Of Futu Securities As An Emerging Internet Securities Company

In recent years,a large number of domestic companies have chosen to list in overseas markets such as China’s Hong Kong and the United States,and there are many high-quality investment targets.Therefore,the willingness and demand of mainland residents for overseas securities investment has been increasing,but it is limited by the current limited and poor overseas investment channels.In this context,a new type of Internet securities company represented by Futu Securities has appeared in China.Since its establishment,Futu Securities has only 10 years of development,but it has performed well in terms of number of users,transaction size,operating income,profitability,etc.,and has been successfully listed on the NASDAQ market in 2019,Becoming the first listed Internet securities company in China.Futu Securities is a typical enterprise that practices"Internet+Finance" and has good research reference value.In view of this,this paper selects Futu Securities,a representative of the emerging Internet securities company,as the research object,to deeply analyze the development problems of Futu Securities.Specifically,this article starts with the market and institutional background of the birth of Internet securities companies,and makes a detailed combing of the status of domestic companies going overseas for listing,the relevant policies of national foreign exchange management,and the relevant regulatory regulations of Internet brokers.On this basis,this article makes a detailed analysis of the business situation and financial data of Futu Securities,and through the comparative analysis with many well-known domestic and foreign securities companies,draws useful operating experience from them,raised the problems and opportunities facing Futu Securities.The problems of Futu Securities is to wander in gray areas in compliance and supervision.The commission competition is also very fierce.The huge demand and market potential of overseas securities investment by mainland residents is a development opportunity for Futu Securities.Therefore,Futu Securities need to adjust their business directions in the future in light of regulatory requirements and market environment,in order to achieve longer-term development.The research work of this paper has certain theoretical value and practical value.In the existing research,most of the traditional domestic securities companies have "touched the net" transformation.The analysis of emerging Internet securities companies such as Futu Securities is scattered in media news reports and securities company research reports.The research in this paper can make up and enrich the research literature in this field.At the same time,the research in this paper points out the many gaps in the supervision of emerging Internet securities companies,which can provide a reference for the regulatory authorities to formulate relevant policies.