BRIEF: Futu’s profit doubles on stock market rebound

Online brokerage Futu Holdings Ltd. (FUTU.US) announced on Thursday its first-quarter revenue jumped 81% year-on-year to HK$4.7 billion ($603 million), while its adjusted non-GAAP net profit soared 98% to HK$2.22…
China stock rally likely to fizzle

Stimulus-fueled China stock rally set to fizzle?

The Hong Kong market’s nearly 20% jump in the week after Beijing unveiled major new stimulus measures looks based more on hopes than reality    By Rene Vanguestaine It may…

Online Brokers UP Fintech, Futu Stumble on Weak Stock Markets

China’s leading pair of internet-based stock brokers report first-quarter revenue declines, as UP Fintech reports second consecutive quarterly loss Key Takeaways: UP Fintech and Futu reported sharp first-quarter revenue declines…