<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001768375</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A ordinary shares, par value $0.00001</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>08/16/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001754581</issuerCik>
        <issuerName>Futu Holdings Ltd</issuerName>
        <issuerCusip>36118L106</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>34/F, United Centre</com:street1>
          <com:street2>95 Queensway</com:street2>
          <com:city>Admiralty</com:city>
          <com:stateOrCountry>K3</com:stateOrCountry>
          <com:zipCode>000000</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Aspex Management (HK) Ltd</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>K3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>36424184.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>36424184.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>36424184.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>4.9</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <comments>These 36,424,184 Class A ordinary shares, par value $0.00001 per share (the Ordinary Shares) of Futu Holdings Limited (the Issuer) are represented by 4,553,023 American Depositary Shares (ADSs), each ADS representing eight (8) Ordinary Shares.

Based on 747,830,786 Ordinary Shares outstanding as of 31 December 2023, according to Form 20-F filed by the Issuer with the Securities and Exchange Commission on April 24, 2024.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Aspex Master Fund</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>E9</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>36424184.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>36424184.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>36424184.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>4.9</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <comments>These 36,424,184 Class A ordinary shares, par value $0.00001 per share (the Ordinary Shares) of Futu Holdings Limited (the Issuer) are represented by 4,553,023 American Depositary Shares (ADSs), each ADS representing eight (8) Ordinary Shares.

Based on 747,830,786 Ordinary Shares outstanding as of 31 December 2023, according to Form 20-F filed by the Issuer with the Securities and Exchange Commission on April 24, 2024.
 </comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Li, Ho Kei</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>K3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>36424184.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>36424184.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>36424184.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>4.9</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <comments>These 36,424,184 Class A ordinary shares, par value $0.00001 per share (the Ordinary Shares) of Futu Holdings Limited (the Issuer) are represented by 4,553,023 American Depositary Shares (ADSs), each ADS representing eight (8) Ordinary Shares.

Based on 747,830,786 Ordinary Shares outstanding as of 31 December 2023, according to Form 20-F filed by the Issuer with the Securities and Exchange Commission on April 24, 2024.
 </comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Futu Holdings Ltd</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>34/F, United Centre, 95 Queensway, Admiralty, HONG KONG, 000000</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Aspex Master Fund, Aspex Management (HK) Ltd and Li, Ho Kei</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>16th Floor, St. George's Building
2 Ice House Street
Hong Kong</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Aspex Management (HK) Ltd - Hong Kong
Aspex Master Fund - Cayman Islands
Li, Ho Kei - Hong Kong</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>Aspex Management (HK) Ltd - 36,424,184

Aspex Master Fund - 36,424,184

Li, Ho Kei - 36,424,184</amountBeneficiallyOwned>
        <classPercent>Aspex Management (HK) Ltd - 4.9%

Aspex Master Fund - 4.9%

Li, Ho Kei - 4.9%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Aspex Management (HK) Ltd - 0.

Aspex Master Fund - 0

Li, Ho Kei - 0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>Aspex Management (HK) Ltd - 36,424,184

Aspex Master Fund - 36,424,184

Li, Ho Kei - 36,424,184</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Aspex Management (HK) Ltd - 0

Aspex Master Fund - 0

Li, Ho Kei - 0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>Aspex Management (HK) Ltd - 36,424,1844

Aspex Master Fund - 36,424,184

Li, Ho Kei - 36,424,184</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>N</notApplicableFlag>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Aspex Management (HK) Ltd</reportingPersonName>
      <signatureDetails>
        <signature>Aspex Management (HK) Ltd</signature>
        <title>Responsible Party</title>
        <date>02/26/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Aspex Master Fund</reportingPersonName>
      <signatureDetails>
        <signature>Aspex Master Fund</signature>
        <title>Responsible Party</title>
        <date>02/26/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Li, Ho Kei</reportingPersonName>
      <signatureDetails>
        <signature>Li, Ho Kei</signature>
        <title>Responsible Party</title>
        <date>02/26/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
