International business expansion: Securities firms compete for increased performance growth opportunities.

Chinese securities firms going global have significantly shifted gears and accelerated their pace, with capital injection changing from "sporadic exploration" to "concentrated intensification". According to incomplete statistics, at least seven listed securities firms have disclosed progress in their overseas business expansion since 2026. In the specific business expansion, securities firms' overseas business has evolved from a single brokerage service to comprehensive services such as FICC, asset management, and derivatives. In the view of industry insiders, with capital gradually in place and business gradually taking root, international business is expected to further contribute to the profits of securities firms, and top securities firms are expected to maintain industry competitive advantages in international layout.