China Galaxy Securities, Beijing's largest brokerage firm, has gone on a hiring spree for futures traders at its derivatives desk in Hong Kong, as China continues to relax rules allowing domestic investors to trade on foreign markets via the city state.

According to the firm's entry on the Hong Kong Securities and Futures Commission's official register, more than 20 brokers have joined the firm's Hong Kong subsidiary in recent months. The hires come from a range of banks and brokers across China, Singapore and Hong Kong, including several from local rival Polaris Securities, and others from ICBC, China Bank of Communications, and Morgan Stanley.