2 1 Shi Ji Jing Ji Bao Dao·2025-09-17 11:45Core Viewpoint - Chinese securities firms have significant opportunities in the Hong Kong market, leveraging the region's robust financial environment and its role as a global financial center [1][3]. Group 1: Market Performance - Hong Kong's financial market has shown strong resilience, with the Hang Seng Index rising by 20% in the first half of 2025, and the Hang Seng Tech Index and Hang Seng China Enterprises Index increasing by 18.68% and 19.05%, respectively [1]. - The average daily trading volume in Hong Kong stocks grew by 82% year-on-year to HKD 240 billion [1]. - New stock financing in Hong Kong reached USD 14.1 billion in the first half of 2025, a staggering 695% increase compared to the same period in 2024, significantly outpacing the global new stock financing growth of 8% [1]. Group 2: Company Performance - CITIC Securities reported a revenue of CNY 707 million and a net profit of CNY 459 million in the first half of 2025, representing year-on-year increases of 107.33% and 168.42%, respectively [2]. Group 3: Strategic Positioning - CITIC Securities aims to build an international first-class investment bank, focusing on expanding its business in Hong Kong and enhancing its international layout [5]. - The firm has established a comprehensive business model in Hong Kong, covering securities brokerage, investment banking, fixed income, derivatives trading, asset management, research, and insurance brokerage [4]. - CITIC Securities is positioned as a key player in cross-border investment and financing, wealth management, and investment banking, leveraging its understanding of domestic policies and market rules [3]. Group 4: Future Outlook - The potential for Chinese securities firms in Hong Kong is substantial, as they evolve from participants to key players in the market, facilitating the return of Chinese concept stocks and supporting IPOs [3]. - The firm plans to follow client demands for overseas investment and attract international capital to China, acting as a professional service provider connecting global markets [5].