Securities brokers expand overseas

As the central government moves ahead with its financial reform agenda, some of the largest Chinese securities brokers are taking the lead to expand their business in overseas stock markets.

Amid prevailing protectionist sentiments, the Chinese government's sustained efforts to promote opening up have showed no signs of abating - a welcome boost for domestic securities companies at a time when the local A-share market remains largely isolated from global capital.

Some of the leading securities companies that have earned handsome profits in recent years are expected to be the first to benefit from the opening-up policies, according to the guideline released by the nation's top securities regulator earlier last month.