公募“出海”，新进展！

Core Viewpoint - Huatai-PB Asset Management (International) Limited, a subsidiary of Huatai-PB Fund, has received licenses from the Hong Kong Securities and Futures Commission (SFC) for securities trading, providing advice on securities, and asset management [2][4]. Group 1: Licensing and Establishment - Huatai-PB Asset Management has been granted SFC licenses numbered 1 (securities trading), 4 (providing advice on securities), and 9 (asset management) [2]. - The SFC approved the establishment of Huatai-PB Asset Management (International) Limited on November 29, 2024, with a registered capital of HKD 100 million [4]. - The company is set to be established in January 2025 and will focus on two main product categories: tools for global asset allocation for Chinese investors and investment tools for overseas investors in the Chinese capital market [4]. Group 2: Industry Trends - There is a growing trend among public fund companies to expand internationally, with branches being established in regions such as Hong Kong, the UK, the US, and Singapore [5]. - In 2023, several fund companies, including Ruiyuan Fund and Yongying Fund, have opened subsidiaries in Hong Kong, while others like Jiashi Fund have received approval to establish international holdings [5]. - As of September 16, 2025, several funds, including Zhuque Fund and Guangfa Fund, are in the queue to apply for the establishment of overseas subsidiaries [5].