On October 19, Chairman Wu Qing of the Securities Regulatory Commission mentioned in his speech at the opening ceremony of the 2026 Financial Street Forum that foreign-funded institutions are encouraged to make good use of the parent company's professional capabilities and group advantages, further improve product layout, participate in innovative business, and support more foreign-funded institutions to invest and exhibit in China. Ping An Securities said that when foreign-funded institutions come to China to do business, it is both a pressure and a reference point for local brokerage firms. At the Lujiazui Forum in June 2026, the Securities Regulatory Commission clearly proposed to actively support the establishment of wholly owned and joint venture securities fund futures institutions by foreign investors in Huaxin. At the same time, it emphasized “opening the front door and blocking partial doors” to balance openness and security. The 2026 Financial Street Forum will further encourage it to improve its product layout and participate in innovative businesses. Foreign investment brings not only capital, but also systematic and mature experience in product design, risk control systems, and cross-border services. Wealth management, derivatives, and cross-border investment banking, which need to be strengthened quickly, will accelerate as a result. According to Ping An Securities, the response ideas of local brokerage firms are very clear, that is, the corporate governance and risk control system first targets international peers to make up for shortcomings and speed up the construction of cross-border service capabilities; the real foothold is still in the mainland. A deep understanding of the industrial structure, customer needs, and regulatory environment is a comparative advantage of local brokerage firms, and deepening industrial services is far more valuable than homogenized competition.

On October 19, Chairman Wu Qing of the Securities Regulatory Commission mentioned in his speech at the opening ceremony of the 2026 Financial Street Forum that foreign-funded institutions are encouraged to make good use of the parent company's professional capabilities and group advantages, further improve product layout, participate in innovative business, and support more foreign-funded institutions to invest and exhibit in China. Ping An Securities said that when foreign-funded institutions come to China to do business, it is both a pressure and a reference point for local brokerage firms. At the Lujiazui Forum in June 2026, the Securities Regulatory Commission clearly proposed to actively support the establishment of wholly owned and joint venture securities fund futures institutions by foreign investors in Huaxin. At the same time, it emphasized “opening the front door and blocking partial doors” to balance openness and security. The 2026 Financial Street Forum will further encourage it to improve its product layout and participate in innovative businesses. Foreign investment brings not only capital, but also systematic and mature experience in product design, risk control systems, and cross-border services. Wealth management, derivatives, and cross-border investment banking, which need to be strengthened quickly, will accelerate as a result. According to Ping An Securities, the response ideas of local brokerage firms are very clear, that is, the corporate governance and risk control system first targets international peers to make up for shortcomings and speed up the construction of cross-border service capabilities; the real foothold is still in the mainland. A deep understanding of the industrial structure, customer needs, and regulatory environment is a comparative advantage of local brokerage firms, and deepening industrial services is far more valuable than homogenized competition.