Core Viewpoint - The development of cross-border asset management business in Hainan Free Trade Port is a significant exploration of China's high-level financial openness, providing rich business opportunities for asset management institutions and enhancing their core service capabilities and international competitiveness [1][2]. Group 1: Cross-Border Asset Management Pilot - Six financial institutions, including Wanhe Securities and Jinyuan Securities, have completed the filing for cross-border asset management pilot business in Hainan Free Trade Port [1]. - The pilot business allows foreign investors to invest in financial products issued by financial institutions in Hainan, including private asset management products and publicly raised securities investment funds [2]. - Wanhe Securities and Jinyuan Securities view their participation in the pilot as a significant step in contributing to the construction of Hainan Free Trade Port and expanding their cross-border business [2][3]. Group 2: Business Opportunities and Strategic Development - The pilot business is expected to enrich the supply of cross-border financial products and provide new investment channels for foreign investors, helping brokerages expand their client base and create new profit growth points [3][4]. - Cross-border asset management is becoming a key area for brokerages to explore performance growth, driven by the increasing openness of China's capital markets and the internationalization strategies of Chinese brokerages [4]. - Companies like Guosen Securities are optimizing their product lines and enhancing collaboration with Wanhe Securities to achieve breakthroughs in international business and innovation [4]. Group 3: Compliance and Risk Management - Brokerages must focus on compliance management and risk control when engaging in cross-border asset management, as it involves different legal and regulatory requirements across countries [6]. - Strengthening risk assessment and management mechanisms is essential to ensure the legality and safety of fund flows in cross-border operations [6]. - Enhancing international service levels and technical support capabilities, including building global investment research teams and improving transaction execution, is crucial for the prudent development of cross-border business [6].