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China Securities Injects US$725.3 Million into Overseas Arm for Gulf Expansion

China Securities has approved a $725.3 million capital boost for its Hong Kong subsidiary CSC Financial (International), bringing its capital base to $1.39 billion. The expansion follows the firm securing a Dubai International Financial Centre licence to establish a presence in the Middle East. The firm also recently backed UAE-based Mashreq Bank's offshore yuan bond issuance.

Published Source: Dealroom News
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The board of China Securities has approved a $725.3 million capital injection into its Hong Kong subsidiary, CSC Financial (International), raising its capital base to $1.39 billion, according to Dealroom News.

The transaction represents the firm's second cash injection in eight months. It follows China Securities obtaining a licence from the Dubai International Financial Centre (DIFC) to establish a regional Middle East presence.

According to the report, China Securities recently supported UAE-based Mashreq Bank in issuing an offshore yuan 'dim sum' bond. The firm's broader strategy aims to expand cross-border financial operations, including derivatives and market-making, to connect Chinese capital with Gulf markets.

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