According to TechFlow, Futu Holdings announced the completion of a HK$440 million investment in the parent company of Hong Kong's licensed virtual bank Airstar Bank. After the transaction, Futu indirectly holds 44.11% of Airstar Bank's shares, becoming the second largest shareholder. Airstar Bank's largest shareholder is Xiaomi, and Futu's shareholders include Tencent.
It is reported that Futu's capital injection this time is mainly to support the business development of Airstar Bank and promote business diversification, while promoting the development of the industry ecosystem, helping Hong Kong's financial technology to continue to innovate and popularize, and deepen inclusive finance.
Airstar Bank was jointly established by Xiaomi Group and Asian brokerage AMTD Group. It was granted a banking license by the Hong Kong Monetary Authority on May 9, 2019, and officially launched its trial operation on March 31, 2020, becoming the second officially operating virtual bank in Hong Kong. The bank's main business is to engage in banking and related financial services in Hong Kong in the form of a virtual bank.