Futu Holdings has made a significant investment in the parent company of Star Bank, a licensed virtual bank in Hong Kong, with a total value of HK$440 million. Following the transaction, Futu indirectly holds 44.11% of Star Bank's shares, making it the second-largest shareholder. The largest shareholder of Star Bank is Xiaomi, and among Futu's shareholders is Tencent.

The investment by Futu is primarily aimed at supporting the business development of Star Bank, promoting business diversification, and fostering the development of the industry ecosystem. It is also intended to aid the continuous innovation and popularization of financial technology in Hong Kong, and deepen inclusive finance. Star Bank was jointly established by Xiaomi Group and Asian broker Everbright Group, and was granted a banking license by the Hong Kong Monetary Authority on May 9, 2019. The bank officially started trial operation on March 31, 2020, becoming the second officially operating virtual bank in the Hong Kong region.

Star Bank's main business is to engage in banking and related financial services in the form of a virtual bank in Hong Kong. The bank's operations are designed to provide customers with a more convenient and efficient banking experience, leveraging technology to streamline processes and reduce costs. With Futu's investment, Star Bank is well-positioned to continue its growth and expansion, and to play a key role in the development of the financial technology industry in Hong Kong.

The investment by Futu is a significant development in the financial technology industry in Hong Kong, and is expected to have a positive impact on the market. The partnership between Futu and Star Bank is likely to lead to the creation of new financial products and services, and to the development of innovative technologies that will benefit customers.

Ultimately, the investment by Futu in Star Bank is a testament to the growing importance of financial technology in Hong Kong, and the potential for innovation and growth in the industry. With Futu's investment, Star Bank is well-positioned to continue its growth and expansion, and to play a key role in the development of the financial technology industry in Hong Kong.