Li Hua & Futu

Li Hua: CEO of Futu, personally fined by CSRC and named in class actions.

Futu: Central defendant in multiple securities class actions; faces regulatory penalties and significant stock decline.

Li Hua: Li Hua is the founder and CEO of Futu, who faces a proposed personal fine from the CSRC. He is named as a defendant in the class action, and his reputation and finances are negatively affected.

Futu: Futu is the primary defendant in multiple securities class actions and faces proposed CSRC penalties of approximately RMB1.85 billion. Its stock fell sharply following the crackdown, and it is exposed to significant legal and regulatory costs.