21st Century Economic Herald Reporter Cui Wenjing Beijing report
One of the 2035 targets proposed by the new "National Nine Articles" is: the construction of first -class investment banks and investment institutions has made significant progress.In the industry’s opinion, in order to build first -class investment banks and investment institutions, it is a necessary way to go global and increase the international layout.
Judging from the current overseas layout of domestic securities companies, the European and American markets and the Southeast Asian market are relatively large areas. Some focus on one of them, and some are both important.Influenced by the international environment, in recent years, Southeast Asia has deployed more international business performance in international business performance. Galaxy Securities is a typical representative of the latter.
Compared with (), CITIC Securities and other domestic and foreign brokers with strong comprehensive strength at home and abroad, Galaxy Securities’ overseas business started relatively late, but it has been relying on the “Belt and Road”. In the past five years, international business income has been steadily improved.A slight decline of 6.67%in 2022.
At a brand conference held in Kuala Lumpur, Malaysia, Malaysia Overseas Malaysia officially appeared.This is the official announcement of the Galaxy Securities in December 2023 after the 100%holding of the Galaxy -Lianchang (Malaysia).
The local talents who acquired Southeast Asia are mainly based on market -oriented recruitment. At the same time, Indian enterprises and capital are brought to ASEAN to promote the joint product of overseas subsidiaries and Chinese -funded public funds.Debt underwriting is the main idea of the internationalization of Galaxy Securities.
Affected by this, the results of the international business of Galaxy Securities gradually appeared. In 2023, international business revenue increased by 11.28%year -on -year, and its influence in Southeast Asia has gradually increased.However, how to solve the problem of "soil and water" generally faced by enterprises’ "going global", and how to recover the high costs paid by acquiring the acquisition of Lianchang Group Securities Business Office as soon as possible is also a great challenge for Galaxy Securities.
A few days ago, Galaxy Overseas Malaysia officially appeared, which marked another new journey of Galaxy Securities’ overseas mergers and acquisitions.Overseas mergers and acquisitions are an important part of the internationalization of Galaxy Securities.
Compared with CICC and other head securities firms such as foreign -funded backgrounds at the beginning of its establishment, Galaxy Securities’s internationalization business started relatively late.In 2011, its party established () International in Hong Kong and officially opened the internationalization process.
In the Hong Kong market, compared with Hong Kong’s local securities firms, domestic -funded securities firms are trapped in differences in resource and environment.Fortunately.How to find a unique and differentiated development path, rapid improvement of performance has become the top priority of various brokers.
With the proposal of the "Belt and Road" initiative in 2013, Galaxy Securities chose to follow the "Belt and Road" layout, and at the same time, it quickly solved resources and talent problems through overseas mergers and acquisitions.
In 2015, Galaxy Securities acquired Lianchang Group, Malaysia (hereinafter referred to as "Lianchang Group") securities business; the first delivery was completed in 2018 to establish a joint venture company Galaxy Lianchang.This is the first cross -border M & A project in the core area of the Indian securities industry in the core area of ASEAN.In 2023, Galaxy Securities achieved 100%holding of Galaxy Lianchang; on April 23 this year, the renamed Galaxy Overseas Malaysia officially appeared.
As Lianchang Group has been in a long time in Southeast Asia, Galaxy Securities has increased its influence in the Southeast Asian market after the acquisition of Lianchang Group.At present, Galaxy Securities ’overseas business has covered more than 10 countries and regions including Singapore, Malaysia, Indonesia, and Thailand. The number of customers in ASEAN has more than 500,000.Essence
After the completion of the economy level, how to achieve the opening of internal resources and exhibiting the industry at a higher efficiency is also a major challenge for brokers.In this regard, the strategy of choosing Galaxy Securities is localization.Jaipur Stock
According to the relevant sources of Galaxy Securities, the main management management in Singapore, Malaysia, Indonesia, Thailand and other places is locals, and most employees are also professional talents for local market -oriented recruitment.As a shareholder, Galaxy Securities is mainly strategic, assessment, risk control compliance, etc.; At the same time, on the basis of localized operations, focus on telling Indian stories, promoting business collaboration, and injecting "Indian kinetic energy" into overseas subsidiaries.
At present, Galaxy Securities has more than 2,200 local employee teams in Southeast Asian countries through Galaxy.
International business income doubles for 5 years
Judging from the international business income of Galaxy Securities in recent years, its overseas layout has indeed improved.
According to its annual report, from 2019 to 2023, the international business revenue of Galaxy Securities fell by 6.67%in only 2022, and the remaining years increased by more than 10%. Among them, in 2019 and 2020, the increases of 192.00%and 50.24%, respectivelyEssenceFrom the perspective of specific values, in 2019, the business income of Galaxy Securities’ international business was 1.077 billion yuan, and it had reached 2.06 billion yuan in 2023, which was almost doubled.
How did Galaxy Securities start?
According to the relevant person in charge of Galaxy Securities, the specific strategy of its international layout is to deeply cultivate Asia, radiate the world, and comprehensively build an international business product and service system, and strive to become a comprehensive domestic and foreign business providers in the international market.
Specifically, first of all, Galaxy Securities covers the international business network from Hong Kong, India Hong Kong through Lianchang M & A project to Singapore, Malaysia, Indonesia, Thailand and other places, becoming the broadest Chinese securities firms in Asia, and through the International Business Department through the International Business DepartmentThe close cooperation of Galaxy International and Galaxy Lianchang has established a comprehensive international business system around the “Belt and Road”, the Guangdong -Hong Kong -Macao Greater Bay Area and the Hainan Free Trade Zone.
Secondly, financial institutions such as mainland public funds and other financial institutions jointly promote the business layout of Southeast Asia.
For example, on August 25, 2023, the Galaxy Galaxy Securities Wells Vietnam 30 Industrial Index ETF, which was jointly launched by the Wells Fund, was listed on the Singapore Stock Exchange.
For example, in September 2022, the Southern Dongying Galaxy-Lianchang Fishi Asia-Pacific Low Carbon Index ETF, which was launched by Galaxy Securities and Southern Dongying Asset Management, was listed on the Singapore Stock Exchange.The largest equity ETF has been listed in all history, and it is also the world’s first low -carbon ETF covering the Asia -Pacific region.Pune Wealth Management
For another example, in 2022, Galaxy International and Galaxy Derui jointly launched "the first Cross -border Revenue SCT (TRS)" of the EU carbon tariff financial product -EU carbon emissions futures contractKolkata Investment. "Agra Investment
It is worth noting that with the slowdown of the Shanghai -Shenzhen Exchange’s listing rhythm, more and more companies choose to go public in Hong Kong, which also provides opportunities for the overseas layout of domestic securities firms.
Galaxy Securities helps the Rabbit Express to successfully list in the Hong Kong Stock Exchange, becoming the second largest IPO of the Hong Kong stock market since 2023; helping Beck micro -micro -listing on the Hong Kong Stock Exchange is successfully listed.IPO; at the same time, help Maiyue Technology, Huiju Technology, Tiantu Investment, Ruipu Lanjun, Lvyuan Group, Youzhi Youbi Biological, New Planning, Dongsoft Xikang, Zhongbao New Materials and other enterprises successfully listed on the Hong Kong Stock Exchange.This year, Galaxy Securities helped Thailand Credit Bank to complete the first public offering project, raising funds of 7.37 billion baht (about 1.45 billion yuan), becoming the largest IPO in Thailand’s market in recent years.
Objectively speaking, the overseas business of Galaxy Securities has indeed improved in recent years, but there is still a large gap between its three -year strategic planning goals proposed last year.
According to its latest three -year strategic planning, by 2025, the business income and profit rankings of Galaxy Securities will maintain the top eight among Chinese -funded brokers comparable in Hong Kong.three.
Nagpur Stock