Nomura JV in China gets securities business licence

  • Markets
  • Friday, 22 Nov 2019

UALA LUMPUR: Nomura Holdings, Inc's 51% owned joint venture in China, Nomura Orient International Securities, has received a securities business licence from the China Securities Regulatory Commission.

It said on Friday the licence allows Nomura Orient to operate brokerage, investment consulting, proprietary trading, and asset management businesses.

“Through the new business, Nomura aims to leverage its global expertise to provide clients with diverse investment products and services for the Chinese market, with the ultimate goal of growing the business into a full-fledged brokerage that will form a core part of the firm’s strategy in Asia ex-Japan, ” it said.

Nomura said it was committed to developing the capital markets and supporting economic growth in both Japan and China.

The other sharehoders in Nomura Orient are Orient International (Holding) Co., Ltd (24.9%) and Shanghai Huangpu Investment Holding (Group) Co., Ltd (24.1%).

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 7
Cxense type: free
User access status: 3

Across The Star Online