Futu Holdings Ltd
Q2 2022 Earnings Call
Aug 30, 2022, 7:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Hello, ladies and gentlemen. Welcome to Futu Holdings second quarter 2022 conference call. [Operator instructions] Today's conference call is being recorded. [Operator instructions] I would now like to turn the conference over to your host for today's conference call, Daniel Yuan, chief of staff and head of IR at Futu.
Please go ahead, sir.
Daniel Yuan -- Chief of Staff, Head of Investor Relations
Thanks, operator, and thank you for joining us today to discuss our second quarter 2022 earnings results. Joining me on the call today are Mr. Leaf Li, chairman and chief executive officer; Arthur Chen, chief financial officer; and Robin Xu, senior vice president. As a reminder, today's call may include forward-looking statements, which represent the company's belief regarding future events, which, by their nature, are not certain and are outside of the company's control.
Forward-looking statements involve inherent risk and uncertainty. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. For more information about the potential risks and uncertainties, please refer to the company's filings with the SEC, including its registration statement. So with that, I will now turn the call over to Leaf.
Leaf will make his comments in Chinese, and I will translate.
Leaf Li -- Chairman and Chief Executive Officer
[Foreign language]
Daniel Yuan -- Chief of Staff, Head of Investor Relations
Thank you all for joining us today. As of quarter end, we had approximately 1.4 million paying clients, up 39% year over year. Net addition was over 60,000, bringing our first half-paying clients growth to 143,000. This is also the 10th consecutive quarter for which organic growth contributed over 50% of new paying clients.
Leaf Li -- Chairman and Chief Executive Officer
[Foreign language]
Daniel Yuan -- Chief of Staff, Head of Investor Relations
In the second quarter, client acquisition was resilient in Hong Kong, where we launched targeted marketing campaigns around the green bond issuance in May and attracted allocation-driven clients to subscribe to the green bond on our platform. We contributed over one-third of the overall green bond subscribers, which speaks to our leading brand recognition and superior product experience. In Hong Kong, we will continue to focus on clients over 30 years old as our current penetration rate among 30-plus Hong Kong residents is at a near 7.5%. To achieve that, we have rolled out new marketing initiatives and launched new features, including the light trading mode, which offers a more simplified and sleek trading interface, and the regular savings plan for Hong Kong stocks, which caters to clients less interested in market timing.