Business · Companies · 8 hrs ago
China’s securities firms seek more clients outside the country
China’s securities firms are trying to expand their business around the world.
Their challenge is not only to build strong financial institutions, but also to win clients who are not Chinese.
Beijing’s goal has shifted from creating a Chinese version of US investment bank Goldman Sachs to building leading institutions with distinct Chinese characteristics.
In 2023, President Xi Jinping called for first-class investment institutions as part of China’s ambition to become a financial superpower.
China now has the world’s second-largest capital market, after the United States.
In 2025, financing through stocks and bonds surpassed bank lending for the first time, creating new opportunities for securities firms.
China’s securities firms are seeking to win more clients outside the country.
Winning non-Chinese clients may be their toughest test, according to the SCMP.
Beijing’s aim has shifted beyond building a Chinese version of Goldman Sachs.
China has the world’s second-largest capital market, after the United States.
Direct financing through stocks and bonds surpassed bank lending for the first time in 2025.
- Who
- China’s securities firms.
- What
- They are pursuing global ambitions and seeking clients outside China.
- When
- The article was published on October 11, 2026; it also cites a policy goal set in 2023 and a financing shift in 2025.
- Where
- China and international markets.
- Why
- Beijing aims to develop first-class investment institutions and make China a financial superpower with distinct Chinese characteristics.
This story does not have two clearly opposing sides.
cultivating first-class investment institutions
At the Central Financial Work Conference, President Xi Jinping called for cultivating first-class investment institutions.
Direct financing through stocks and bonds surpassed bank lending for the first time.
SCMP published an article about Chinese brokers seeking clients globally.
- Capital market ranking
- China has the world’s second-largest capital market, after the United States.
- Financing shift
- Direct financing through stocks and bonds surpassed bank lending for the first time in 2025.
- Policy conference
- Central Financial Work Conference, 2023.
- Article publication
- October 11, 2026
Sources
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