Zihan Wang's questions to Futu Holdings Ltd (FUTU) leadership • Q4 2024
Question
Zihan Wang from Goldman Sachs asked for a regional breakdown of new paying client growth in Q4 and the expected mix for the 2025 target. She also inquired about the 2025 guidance for AUM per client and long-term expectations for this metric by region.
Answer
Chief Financial Officer Arthur Chen provided the Q4 new client breakdown: Hong Kong/Singapore contributed 40-45%, other Asian markets and Australia about 40%, and North America the remaining 20%. Senior Vice President Robin Xu added that while predicting average AUM per client is difficult due to market factors, the company saw meaningful Q-on-Q growth in this metric across all markets in Q4 and expects the trend to continue as product offerings and brand equity improve.