People and markets news in brief, May 10, 2018

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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 ...

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