Nomura’s Chinese JV obtains securities business license

Maria Nikolova

Nomura Orient International Securities has received a securities business license from the China Securities Regulatory Commission.

Nomura Holdings Inc (TYO:8604) today announces that its majority-owned securities joint venture in China, Nomura Orient International Securities, has received a securities business license from the China Securities Regulatory Commission. The JV is now allowed to operate brokerage, investment consulting, proprietary trading, and asset management businesses in China.

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

Nomura Orient International Securities was established on August 20, 2019 with capital of RMB2 billion. Nomura Holdings, Inc. has a 51% stake in the business, whereas Orient International (Holding) Co., Ltd. has a 24.9% holding and Shanghai Huangpu Investment Holding (Group) Co., Ltd. has a 24.1% holding.

In March this year, Nomura Holdings said it had received approval from the China Securities Regulatory Commission to establish a securities joint venture in China.

“This is an important step in building up our China business. With an increased presence in China, we aim to support economic growth in both China and Japan and firmly establish ourselves as a global financial services group with deep roots in Asia,” said Nomura Group CEO Koji Nagai.

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