Online broker Tiger will double the total amount of Hong Kong to achieve its goal, aiming for maritime Chinese wealth
Selena Li
Online brokerage firms will be expected to double their total in the next two to three years, CEO said (Reuters) – Teague Securities plans to double its total in the next two to three years as online brokers aim to increase the amount of wealth within China in the financial hub.
Founder and CEO Tinahua Wu told Reuters late Monday that the company was founded in 2014 in Beijing and now employs 60 employees in Hong Kong, where it starts operations there.
“Hong Kong is a very important global financial center, not only about millions of local residents,” Wu said. Tiger’s parent company UP Fintech Holding was listed in the United States in 2019.
“This is because it has Chinese support,” the 40-year-old former tech veteran said.
According to Wu, securities trading activity in the Chinese market has risen since Beijing began launching a series of stimulus in September last year, a trend that has not yet been hurt by global trade tensions.
Mainland investors have poured HK$651 billion (US$83 billion) into Hong Kong-listed stocks through Southbound stock Connect, more than double the HK$283 billion a year ago, CICC analysts said on Tuesday.
Capital inflows grew well for local brokers closely related to the world’s second-largest economy as U.S. President Donald Trump’s trade war compressed investors’ interest in U.S. assets.
The buoyant Hong Kong market has attracted some companies, such as Chinese e-commerce giant Alibaba-affiliated Ant Group, which has entered Hong Kong by gaining a 50.55% stake in April as a 50.55% broker.
Wu said that as more and more Chinese high networks set up home offices in Hong Kong, domestic companies are increasingly looking to expand at sea, and Tiger expects demand for both individual and corporate customers to grow significantly.
Tiger owns assets worth over $50 billion worldwide and operates in markets outside Hong Kong, including the United States, Australia, New Zealand and Singapore.
According to Fintech’s first quarter report, the broker’s assets are detained, a key measure of customer holdings in Tiger Hong Kong accounts, tripled in the same period in the first quarter of 2025.
He said that in a strong channel for IPO in Hong Kong, Star China is about to raise funds in the city, which has also attracted increased interest in buying and trading new stocks.
($1 = 7.8435 Hong Kong dollars)
(Reported by Selena Li; Edited by Sumeet Chatterjee and Sherry Jacob-Phillips)
