As the Hong Kong stock market continues to recover, investor interest in high-quality IPO projects has reignited. Recently, FWD Group, the pan-Asian life insurance company under Richard Li Tzar Kai, officially launched its IPO subscription period and is scheduled to list on the Hong Kong Stock Exchange on July 7, 2025. Co-sponsored by Morgan Stanley and Goldman Sachs, the IPO is expected to raise a net amount of HK$2.9534 billion, making it one of the most anticipated listings in recent times.

This article provides a detailed analysis of FWD Group's IPO information, explains how to participate in this IPO through Futu Securities, and outlines the current new account regulations for Hong Kong stocks and required overseas employment or residency proofs.

I. FWD Group: Pan-Asian Insurance Giant Set for Hong Kong Listing

Corporate Background and Business Model

Founded in 2013 by Richard Li, FWD Group represents a significant venture in the insurance sector. Guided by the core philosophy of "customer-centric, technology-empowered", it specializes in providing diversified life insurance products and services to Asian clients. Currently, FWD Group has established a solid presence across Southeast Asian markets including the Philippines, Thailand, Indonesia, Japan, and Vietnam.

Its robust financial structure, innovative product designs, and digital operational capabilities distinguish it in the highly competitive insurance industry.

IPO Details at a Glance

• Subscription Period: June 26 to July 2, 2025
• Application Deadline (Futu): 9:00 AM, July 2, 2025
• Allotment Results Announcement: July 4, 2025
• Dark Trading Period (Futu): July 4, 2025 (16:15 - 18:30)
• Listing Date: July 7, 2025
• Offer Price: HK$38.00 per share
• Board Lot Size: 100 shares
• Subscription Amount: Approximately HK$3,838.32 per lot
• Net Proceeds: Approximately HK$2.9534 billion
• Cornerstone Investors: MC Management 10 RSC Ltd, T&D United Capital Co., Ltd
• Sponsors: Morgan Stanley Asia Limited, Goldman Sachs (Asia) L.L.C.

FWD Group's listing is poised to become a key player in Hong Kong's insurance sector and offers investors an opportunity to participate in Asia's insurance industry growth.

II. Use Futu for IPO Subscriptions: Genuine 0% Interest, 0 Fees, 0 Cash Required!

Choosing an efficient, low-cost brokerage platform is crucial for Hong Kong IPO participation. Futu Securities, a leading online broker in Hong Kong, has gained widespread investor trust through its robust technology and user-friendly platform.

Key Advantages of Futu Securities:

• Zero Margin Interest: No interest payments required for IPO financing.
• Zero Handling Fees: Free for both cash and margin subscriptions.
• No Cash Threshold: Participate with margin financing using minimal collateral.
• Real-Time Market Data & Analysis: Professional-grade quotes and research reports.
• User-Friendly Operation: One-stop online account opening and IPO process with mobile support.

For investors eyeing FWD Group's IPO, Futu Securities is undoubtedly a top-choice platform.

III. New Hong Kong Stock Account Regulations: Mainland Users Must Provide Overseas Proof

Note that major Hong Kong brokers have recently updated account policies for mainland users. According to the latest requirements, Futu Securities, Tiger Brokers, Longbridge Securities, Valuable Capital, etc. have suspended direct account openings for existing mainland users. Mainland residents wishing to trade or subscribe to IPOs must now provide valid overseas employment or residency proofs.

Acceptable Overseas Employment/Residency Proofs (Submit any one)

📌 Financial Documents:

• Bank e-Statement / Deposit Notice
• Credit Card Statement (showing name and address)
• Pay Slip (with corresponding salary bank transfer records)

📌 Residential Proofs:

• Utility Bill (water/electricity/gas)
• Telephone Bill
• Overseas Rental Contract or Property Deed

📌 Official & Other Documents:

• Insurance Policy
• Tax Return or Government-Issued Document
• Hong Kong/Overseas Driver's License
• Exit-Entry Permit with Stay Endorsement
• Employment Contract or Job Certification

🧾 Document Requirements:

• All proofs must be in image format
• Issued within the last three months
• Must clearly display:
  • Chinese or English full name
  • Overseas address
  • Issue date
  • Full name of issuing institution

These requirements mean mainland investors must prepare compliant proofs in advance to access IPO subscriptions via Futu Securities or similar platforms.

📢 Act Now! Secure Your 2025 IPO Opportunities

👉 Click to Obtain Sample Overseas Proof Documents

Conclusion

FWD Group’s Hong Kong listing represents a significant investment opportunity given its international vision and growth potential. Participating through Futu Securities offers advantages like 0% interest, 0 fees, and 0 cash requirement, along with streamlined operations to improve allotment success and capital efficiency.

However, investors must also navigate the new Hong Kong account regulations. For mainland users seeking long-term access to Hong Kong stocks, preparing valid overseas employment or residency proofs is essential for successful account setup and trading.