10 Best Chinese Stocks to Buy According to Billionaires

7. Futu Holdings Limited (NASDAQ:FUTU)

No. of Billionaire Investors: 10

Total Billionaire Stake: $213.2 Million

No. of Hedge Fund Holders: 38

Futu Holdings Limited (NASDAQ:FUTU) is a financial technology company that mainly operates digital brokerage platforms. Its platform, Futu NiuNiu, allows users to trade various securities, including stocks, options, and ETFs. Futu has operations in China, the U.S., Hong Kong, Singapore, Australia, and Japan.

Futu Holdings Limited (NASDAQ:FUTU) recently posted the full-year and Q4 2024 results. The company exceeded its full-year guidance by adding 215,000 paying clients during the last quarter, resulting in a total of more than 2.4 million paying clients, a 41% increase from a year ago. Futu achieved a full-year revenue of HKD 13.6 billion, a growth of 36% year-over-year. The company posted a significant increase in total client assets during Q4, reaching HKD 743 billion, up 43% from a year ago. Futu launched several product innovations last year, including U.S. margin trading in Japan and an option strategy builder in the U.S., improving its trading platform capabilities.

As Futu Holdings Limited maintains strong growth in overseas markets, UBS analyst Charles Zhou kept a Buy rating on FUTU shares, with an upgrade in price target from $130 to $136. Whereas, JP Morgan analyst Katherine Lei maintained an Overweight rating on FUTU, increasing the price target from $160 to $170.