Chinese Securities Firms Boost Overseas Expansion Amid Intense Competition

The top securities firms have been intensifying their overseas investments, building up their international subsidiaries. By the end of 2025, the domestic securities firms had established 38 primary overseas subsidiaries, mostly centered around China’s Hong Kong as a hub, extending gradually to Southeast Asia, Singapore, Japan, the United States, and other emerging and mature markets, creating a globally radiating layout. The landscape of securities firms going global is dynamic as they strive to expand their market presence abroad. Notably, the revenue contribution from overseas operations has been steadily increasing, signaling a strategic shift towards international expansion. Diving into specific firms,…