As semi-annual reports are revealed one after another, one sign is becoming more and more clear — after brokerage and self-operation, overseas business has become the “third pole” of growth in the performance of leading brokerage firms. Judging from the disclosed data, overseas platform revenue, profit, and asset scale of leading institutions such as CITIC Securities, CICC, and Huatai Securities have all achieved rapid growth, and businesses such as cross-border investment banking, trading, and institutional services have accelerated. Industry insiders believe that as demand for Chinese companies to “go global” and “bring in” international capital continues to grow, the international business of Chinese brokerage firms is shifting from competition for licenses and network layout to competition for capital strength, global networks, and comprehensive service capabilities.

As semi-annual reports are revealed one after another, one sign is becoming more and more clear — after brokerage and self-operation, overseas business has become the “third pole” of growth in the performance of leading brokerage firms. Judging from the disclosed data, overseas platform revenue, profit, and asset scale of leading institutions such as CITIC Securities, CICC, and Huatai Securities have all achieved rapid growth, and businesses such as cross-border investment banking, trading, and institutional services have accelerated. Industry insiders believe that as demand for Chinese companies to “go global” and “bring in” international capital continues to grow, the international business of Chinese brokerage firms is shifting from competition for licenses and network layout to competition for capital strength, global networks, and comprehensive service capabilities.