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Nomura Applies to Establish Securities Company in China

Nomura Holdings, Inc. announced that it applied to the China Securities Regulatory Commission (CSRC) on May 8 to establish a joint venture securities firm.

Nomura intends to make detailed preparations for the securities company subject to discussions with the CSRC and other relevant parties.

The new company will first focus on leveraging Nomura’s expertise in face-to-face consulting to provide wealth management services to mass affluent individuals in China.

Nomura plans to then develop its product distribution channels and expand into Wholesale and other business segments, 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.

Next Finance , May 14

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