People and markets news in brief, May 10, 2018

By Addison Gong, John Loh, Jonathan Breen, Rashmi Kumar
10 May 2018

Nomura Holdings has applied to the China Securities Regulatory Commission (CSRC) to establish a joint venture securities firm in the country.

The Japanese bank submitted the application on Tuesday. It is seeking a majority shareholding of 51% in the JV, according to local media reports, which cited a Q&A session with a CSRC spokesperson on Tuesday.

Nomura’s JV will initially focus on wealth management, before expanding to wholesale and ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial