China's Broader Horizon: A New Era for Global Investment Banks? China's top brokerages are expanding their global reach, driven by a surge in overseas profits.
Citic Securities, CICC, and Guotai Haitong have reported significant increases in international revenue, with billions of yuan pouring into foreign markets.
Citic Securities' performance stands out: its revenue outside mainland China rose 45. 5% year on year to 15. 86 billion yuan (US$2. 4 billion) in the six months ended June.