Nomura Securities Venture Wins First License to Do Business in China

Caixin Global | Nov 22, 2019 at 8:41 PM
  • Several other global financial giants have also won approval to control securities firms on the mainland, including Swiss financial giant UBS Group AG, and U.S.-based JPMorgan Chase & Co.
  • Other firms seeking approval to control securities ventures include Swiss conglomerate Credit Suisse Group AG, American investment bank Morgan Stanley, and Daiwa Securities Group Inc., Japan’s second-largest brokerage by assets.