The “going overseas” of Chinese brokerage firms is shifting from sporadic testing to intensive expansion. The scale of capital increases of overseas subsidiaries has exceeded 50 billion yuan during the year, and regions such as the Middle East and Central Asia have become new strategic fulcrums. Recently, the international layout of Chinese brokerage firms has been making frequent moves. The Hong Kong subsidiary of the League of Nations Minsheng Securities officially received an unobjected reply from the China Securities Regulatory Commission. CITIC Construction Investment International won the Dubai International Financial Center license, and Cathay Pacific Junan International signed a memorandum of cooperation with the Almaty city government in Kazakhstan — a series of actions indicating that the global layout of brokerage firms is expanding in depth from the Hong Kong hub to the Middle East and Central Asia.

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