[Fitch Ratings: Cross-border capital flows are expected to benefit Hong Kong securities firms, especially Chinese securities firms] On September 18, Fitch Ratings’ latest research report believes that the deepening connection between the mainland and Hong Kong capital markets and compliant cross-border capital flows are expected to benefit Hong Kong securities firms, among which the Hong Kong subsidiaries of leading Chinese securities firms are expected to gain more business opportunities. On the one hand, the demand for offshore financing of Chinese-funded enterprises is growing to diversify financing channels and support overseas expansion; on the other hand, as mainland investors increase the allocation of overseas assets in search of higher yields, the demand for cross-border wealth management business is growing.