The Securities Commission Malaysia recently granted the Company’s Malaysian subsidiary approval-in-principle (AIP) for the Capital Markets Services License (CMSL).
With the launch of its super investment platform, moomoo, Futu Holdings Limited announces its entry into Malaysia and the introduction of a broad range of tech-driven offerings to support financial inclusion.
Through inclusive finance, Malaysian investors will have lifetime access to a comprehensive collection of self-help learning resources, open-access market data, and a supportive global community to open up new opportunities.
Robin Xu, the senior partner and senior vice president of Futu Holdings Limited, is excited to introduce Malaysia to their all-in-one platform, moomoo, which offers better tech-driven solutions due to their world-class research and development capabilities and long history of business success. This enables everyone to have the access, knowledge, and tools they need to make educated investment decisions.
The Securities Commission Malaysia recently granted the Company’s Malaysian subsidiary approval-in-principle (AIP) for the Capital Markets Services License (CMSL).
This is a significant step forward in the Company’s plans to expand its operations in Southeast Asia. The AIP reinforces the Company’s mission to make investing simple and accessible for both investors and stakeholders.
He continues: “We are overjoyed that the SC has granted us the AIP because it is a confirmation of our mission and vision to make investing easier and more accessible for investors all over the world. As a result of our success in Singapore and other APAC markets, we are well-equipped to use our global expertise to transform Malaysia’s digitised investment landscape.
The nation will act as a catalyst for growth thanks to its 32.7 million well-organized citizens, business-friendly environment, educated talent pool, and high levels of digital literacy. Malaysia is considered by the company to be a strategic location for the launch of its cutting-edge superinvestment platform.”
Moomoo is a user-friendly investment platform designed to enable retail investors of all skill levels to find opportunities unique to the platform.
It is the first time a global technology company that supports the digitalization of investing has released a solution for financial literacy in Malaysia. Moomoo is designed to enable retail investors to adopt a self-directed learning strategy for trading securities and derivatives.
The Company believes that its digital ecosystem, which brings together 20 million investors globally, will advance financial inclusion in Malaysia and the sector as a whole. The moo community would be a successful strategy for the new market and a route to business success by fostering a synergistic ecosystem with thousands of public companies, fund houses, media, and market practitioners.