Futu Holdings Limited

Hello ladies and gentlemen, welcome to Futur Holdings second quarter 2023 conference call. At this time all participants are in a listen-only mode. After management's prepared remarks there will be a Q&A session. Today's conference call is being recorded. If you have any objections you may disconnect at this time. I would now like to turn the conference over to your host for today's conference call, Daniel Yuan. Chief of Staff to CEO and Head of IR at Futu. Please go ahead, sir.

Thanks, operator. And thank you for joining us today to discuss our second quarter 2023 earnings results. Joining me on the call today are Mr. Leif Lee, Chairman and Chief Executive Officer, Officer Chen, Chief Financial Officer, and Robin Xu, Senior Vice President. As a reminder, today's call may include four looking statements. which represent the company's belief regarding future events, which by their nature are not certain and are outside of the company's control. Forward-looking statements involving hearing bits and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those containing any forward-looking statements. For more information about the potential risks and uncertainties, please refer to the company's filings with the SEC, including its annual report on Form 20F, With that, I will now turn the call over to Leif. Leif will make his comments in Chinese, and I will translate.

Thank you for participating in today's conference. In the second quarter, we have added more than 57,000 real estate customers. The total number of real estate customers is close to 1.6 million by the end of the year. Each market has seen a strong growth in customers from natural flows, which has led to a 41% increase in the number of real estate customers compared to the previous quarter. In the second quarter, The Hong Kong market has contributed about one-third of our competitors' real estate customers. The offline channels in Hong Kong have helped us attract a lot of older customer groups. With the guidance of our staff, they understand the opening process and explore product functions. In the second quarter, the U.S. stock market has shown strong performance, and the interest rate of the monetary fund is also extremely attractive. Such an industry has led our Singaporean real estate customers to make good growth. In the U.S., As we continue to optimize our sales channels and provide customer benefits, we have attracted more and more high-quality customers. Although the overall performance of the stock market is weak, but the group's share of asset customers is still above 98%.