China Securities (International) Finance, the wholly-owned overseas investment management subsidiary of China Securities, has opened its first office in Hong Kong.

CSCI was formed in July 2012 to focus on China Securities' offshore activities and provide a range of financial products and services for corporate finance, asset management, securities brokerage, investment research and financing businesses. It also serves institutional and wealth management clients.

Its parent, CSC, is one of the largest securities firms in Mainland China with a registered capital of around RMB6.1 billion ($994 million).

The new Hong Kong operations gives CSCI an advantage, given the territory's position as a major international financial centre. The move is also a step closer to the firm's goal of becoming a full-service investment bank, while at the same time maintaining close ties with international financial institutions instrumental to its global growth strategy.

"CSCI will ride on our parent company's extensive network and resources in China and take full advantage of the open financial environment and healthy financial system in Hong Kong. We can become an important bridge to connect investment and financing clients in China and the capital markets worldwide," said Qi Liang, chief executive of China Securities and chairman of China Securities (International).