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CONSOLIDATED BALANCE SHEETS
$ in Thousands, $ in Thousands
Dec. 31, 2020
HKD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
HKD ($)
ASSETS      
Cash and cash equivalents $ 1,034,668 $ 133,447 $ 362,574
Cash held on behalf of clients 42,487,090 5,479,801 14,540,863
Term deposits 300,000 38,693  
Available-for-sale financial securities     93,773
Equity method investments 0   6,166
Loans and advances (net of allowance of nil and HK$9,075 thousand as of December 31, 2019 and 2020, respectively) 18,825,366 2,428,014 4,188,689
Receivables:      
Clients 735,145 94,816 247,017
Brokers 5,780,461 745,539 1,226,348
Clearing organization 1,243,928 160,436 304,080
Fund management companies and fund distributors 297,622 38,386  
Interest 19,876 2,564 16,892
Prepaid assets 11,422 1,473 12,470
Operating lease right-of-use assets 208,863 26,938 161,617
Other assets 393,326 50,729 239,435
Total assets 71,337,767 9,200,836 21,399,924
LIABILITIES      
Amounts due to related parties 87,169 11,243 33,628
Payables:      
Clients 46,062,842 5,940,986 15,438,879
Brokers 4,533,581 584,722 1,484,243
Clearing organization 324,266 41,822  
Fund management companies and fund distributors [1] 127,442 16,437 26,381
Interest 5,493 708 519
Borrowings 5,482,818 707,150 1,467,586
Securities sold under agreements to repurchase 5,453,037 703,309 1,590
Operating lease liabilities 222,231 28,662 172,466
Accrued expenses and other liabilities 731,198 94,307 226,079
Total liabilities 63,030,077 8,129,346 18,851,371
Contingencies (Note 27)
SHAREHOLDERS' (DEFICIT)/EQUITY      
Additional paid-in capital 6,960,369 897,718 2,536,182
Accumulated other comprehensive (loss)/income 4,974 642 (4,446)
Retained earnings 1,342,262 173,119 16,739
Total shareholders' equity 8,307,690 1,071,490 2,548,553
Total liabilities and shareholders' equity 71,337,767 9,200,836 21,399,924
Class A ordinary shares      
SHAREHOLDERS' (DEFICIT)/EQUITY      
Ordinary shares 47 6 36
Total shareholders' equity 47   36
Class B ordinary shares      
SHAREHOLDERS' (DEFICIT)/EQUITY      
Ordinary shares 38 $ 5 42
Total shareholders' equity $ 38   $ 42
[1] As of December 31,