Chinese investment banks are striving to win clients on the global stage, with international business serving as a key growth driver, the South China Morning Post reported. As of the end of August, at least nine mainland Chinese brokerages had announced or completed plans to inject a total of 51.7 billion yuan (approximately $7.7 billion) into their Hong Kong operations to support international business development. Among them, CITIC Securities has raised 16 billion yuan, while Guotai Junan Securities and Huatai Securities also plan to inject 9 billion yuan each. Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated that first-class investment banks should not only be large in scale but also have a say in global capital allocation and asset pricing, and attract top financial talent.