Nomura's China JV brokerage receives securities business license

0 Comment(s)Print E-mail Xinhua, November 22, 2019
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SHANGHAI, Nov. 22 (Xinhua) -- Japanese financial services group Nomura on Friday announced that its joint venture in Shanghai has obtained a license for securities business from the China Securities Regulatory Commission.

The approved business scope includes stock brokerage, securities investment consultation, proprietary trading and asset management, the company said.

The joint venture, Nomura Orient International Securities, was approved by China's top securities regulator in late March and set up on Aug. 20, with Nomura holding a 51-percent stake.

It is also jointly owned by two Chinese shareholders, the Shanghai-based Orient International (Holding) Co., Ltd., with a 24.9 percent stake, and the Shanghai Huangpu Investment Holding (Group) Co., Ltd., with a 24.1 percent stake.

With experience gathered from its global network, Nomura is committed to providing clients with more choices of investment products and services in the Chinese market, the company said. Enditem

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