东吴证券给予华泰证券“买入”评级，拟发行可转债，资金用于支持境外业务发展

Group 1 - The core viewpoint of the report is that Dongwu Securities has given Huatai Securities (601688.SH) a "buy" rating based on several factors [1] - The dilution effect on H-shares is significant, while the impact on A-shares is relatively minor [1] - The cost of convertible bonds is lower, leading to a slight decrease in leverage after conversion [1] - In the medium to long term, this will benefit the company's overseas business development [1] - Under policy guidance, domestic securities firms are accelerating their layout in overseas markets [1]