非银机构拿下债券通“南向通”入场券，券商跨境业务迎新机遇

Group 1 - The "Southbound Trading" program has expanded its participating institutions, allowing non-bank financial institutions such as brokerages to enter the market [1] - The entry of non-bank financial institutions presents both opportunities and challenges, fulfilling their diversified investment needs in a low-interest-rate environment [1] - This development will test the investment research, risk control, and overseas bond investment capabilities of these non-bank financial institutions [1]