Zheng Quan Ri Bao·2025-12-10 16:41Group 1 - The core viewpoint of the article highlights that multiple Chinese securities firms are actively increasing capital for their subsidiaries to enhance capital strength, market competitiveness, and service capabilities for the real economy [1][2][3] Group 2 - The international business is becoming a new growth engine for securities firms, with firms accelerating their overseas market layout through capital increases for international subsidiaries [2][3] - For instance, China Merchants Securities announced a capital increase of up to 9 billion HKD for its wholly-owned subsidiary, with the first phase targeting China Merchants Securities (Hong Kong) Limited, amounting to no more than 4 billion HKD [2] - In 2024, China Merchants International achieved a revenue of 1.199 billion HKD and a net profit of 457 million HKD, with client asset scale reaching 246.923 billion HKD by mid-2025, reflecting a growth of 14.52% compared to the end of 2024 [2] Group 3 - Securities firms are also enhancing support for futures and alternative investment subsidiaries to better serve the real economy, with East Wu Securities planning to invest 403 million CNY to increase the net capital of its subsidiary, East Wu Futures [3][4] - The registered capital of East Wu Futures will increase from 1.032 billion CNY to 1.532 billion CNY following this capital increase [4] - Additionally, firms are focusing on alternative investments to support technology innovation, with Guohai Securities announcing a capital increase of 500 million CNY for its alternative investment subsidiary [4]