Tiger Brokers invests HK$440 million to become the second largest shareholder of Hong Kong virtual bank Airstar Bank.

Futu Holdings announced the completion of a HK$440 million investment in the parent company of Tianxing Bank, a licensed virtual bank in Hong Kong. Following the investment, Futu became the second largest beneficial owner with a 44.11% stake in Tianxing Bank. Tianxing Bank has been a licensed bank by the Hong Kong Monetary Authority since May 9, 2019, and officially commenced operations on June 11, 2020. Previously, Xiaomi Group was the major shareholder, holding 50.30% of the shares. After this change, Xiaomi Group holds 50.30% and Futu holds 44.11%. Futu's investment this time is mainly to support the business development of Tianxing Bank, promote business diversification, and drive industry ecosystem development to facilitate continuous innovation and popularization of financial technology in Hong Kong, deepening inclusive finance. The investment plan has received unanimous approval and support from shareholders and the board of directors.