According to FUTU's latest Investor Conference, over 90% of FUTU's new customers come from outside of China (Singapore, Hong Kong, Australia and the US).
In addition, the announcement states that FUTU CAN continue to serve their existing Mainland China customers and overseas customers.
Combined, there is minimal impact on both their current and future business. The small impact it has, definitely does not warrant the 30% share price drop, and for a high-growth comp...

Oil prices rose about 3% on Monday, as OPEC+ members agreed to a small production cut of 100,000 barrels per day to bolster prices.
- Supply will be cut by 0.1 mln bpd from Oct
- Iran nuclear deal could boost oil supply
- Russia's gas supplies to Europe cut further
- Brent crude falls to $96 from $120 in June
OPEC+'s decision to implement a small production output cut is more of a political statement and symbolic message sent by the...