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According to the latest disclosure by the China Securities Regulatory Commission, as of the end of the first half of 2025, mainland securities firms have set up 36 overseas subsidiaries (including 35 in Hong Kong), with total assets reaching 1.64 trillion Hong Kong dollars, a year-on-year increase of 20.45%. These overseas subsidiaries have assisted 40 companies in listing on the Hong Kong Stock Exchange, with a financing amount of 108.1 billion Hong Kong dollars. The cross-border business of securities firms at the end of the first half of the year reached 948.1 billion yuan, an increase of 21.37% year-on-year. Securities firms conducted 12.76 trillion Hong Kong dollars worth of transactions through the Stock Connect, while actively serving transactions worth 19.7 trillion yuan through their Hong Kong subsidiaries.
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