Futu Holdings Takes Second Largest Stake In Airstar Bank With HK$440 Million Investment

Futu Holdings Limited has completed an investment of HK$440 million in Gravitation Fintech HK Limited, the parent company of Airstar Bank, a licensed virtual bank in Hong Kong.

This investment makes Futu the second largest beneficial owner, with an indirect 44.11 percent stake in Airstar Bank. Xiaomi holds a 50.3 percent stake, and AMTD remains a shareholder, though its holding is undisclosed.

Futu Holdings Limited provides digitalised financial services through its platforms, Futubull, and moomoo. These platforms offer investment services, including trade execution, clearing, margin financing, securities lending, and wealth management.

Additionally, Futu offers corporate services such as IPO distribution, investor relations, and Employee Stock Ownership Plan (ESOP) solutions.

Airstar Bank is one of the eight virtual banks licensed in Hong Kong by the Hong Kong Monetary Authority (HKMA). The bank has been operational since 9 May 2019,

The bank, with key shareholders including Xiaomi Group and Futu Group, is known for its digital banking services in Hong Kong.

In 2022, Hong Kong billionaire Li Ka-shing’s CK Hutchison disavowed links to AMTD Digital after the stock’s value surged 14,000 percent to over US$200 billion on the New York Stock Exchange.

According to the Financial Times, Hutchison stated it “does not hold any AMTD Digital shares” and is discussing selling the “less than 4 percent” shares it holds in AMTD Group.

Additionally, AMTD Chairman Calvin Choi Chi Kin lost his appeal and was banned by the Securities and Futures Commission (SFC) for two years due to conflicts of interest during his tenure as a UBS banker in 2014 and 2015, following the rejection of his application for anonymity in the appeal.

Featured image credit: Edited from Freepik

RECENT NEWS

HashKey Capital Gains SFC Approval For In-Kind Crypto Fund Subscription

HashKey Capital received approval from the Hong Kong Securities and Futures Commission (SFC) to offer an in-kind crypto... Read more

Alibaba Launches Qwen3 AI Model With Hybrid Reasoning

Alibaba launched Qwen3, the latest generation of its open-sourced large language model (LLM) family, on 29 April 2025. ... Read more

HKMA And Cyberport Launch Second Cohort Of Gen AI Sandbox

The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cybe... Read more

InvestHKs Global Fast Track 2025 Open For Applications

Global Fast Track 2025 (GFT 2025) is now open for applications from today, 28 April 2025, until 21 September 2025. This... Read more

Ant Group To Buy Over 50% Stake In Bright Smart Securities

Bright Smart Securities & Commodities, a Hong Kong-based brokerage, made an announcement on 26 April 2025. Its chai... Read more

InvestHK Seminar In India Spotlights Hong Kongs Strategic Business Edge

Invest Hong Kong (InvestHK), the Hong Kong Economic and Trade Office in Singapore (HKETO Singapore), and the Hong Kong ... Read more