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 [4][5]. Group 1 - Huatai-PB Fund's Hong Kong subsidiary has been granted SFC licenses numbered 1 (securities trading), 4 (advisory services on securities), and 9 (asset management) [4]. - The approval for the establishment of Huatai-PB Asset Management (International) Limited was granted on November 29, 2024, with a registered capital of HKD 100 million [5]. - The subsidiary aims to offer two main types of products: tools for global asset allocation for Chinese investors and investment tools for overseas investors targeting the Chinese capital market [5]. Group 2 - In recent years, public fund companies have actively expanded overseas, establishing branches in regions such as Hong Kong, the UK, the US, and Singapore [7]. - In 2023, several fund companies, including Ruiyuan Fund and Yongying Fund, opened their Hong Kong subsidiaries, while Jiashi Fund received approval to establish Jiashi International (Holdings) Limited in Hong Kong [8]. - 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 [10].