Hong Kong stock market rebounds, small and medium-sized securities firms reignite their enthusiasm for Hong Kong layout.

With the active trading of Hong Kong stocks and the recovery of the IPO market, smaller securities firms from mainland China have once again shown enthusiasm in establishing operations in Hong Kong this year. Public data shows that smaller securities firms have been particularly active in expanding into Hong Kong this year. In late April, Northeast Securities announced its plan to establish a wholly-owned subsidiary in Hong Kong to conduct securities business, with a registered capital of 500 million Hong Kong dollars. In mid-June, Western Securities stated its intention to invest the equivalent of 1 billion yuan to establish a wholly-owned subsidiary in Hong Kong, tentatively named "Western Securities International Financial Holdings Limited", aiming to create an international business platform to serve the cross-border needs of the company's clients.