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Japanese Financial Giant Daiwa Wants Its Own China Brokerage

2019年09月26日 20:12 来源于 财新网
Five years after leaving the country, company applies for new joint venture it will control
A screen at a Daiwa Securities office in Tokyo shows Japan’s benchmark Nikkei stock index on Feb. 6, 2018. Photo: VCG

After withdrawing from China five years ago, Japanese financial giant Daiwa Securities Group Inc. has applied to the country’s securities watchdog to set up a foreign-controlled securities joint venture.

Daiwa Securities said that it has filed an application to the China Securities Regulatory Commission (CSRC) for a joint venture with Beijing State-owned Capital Operation and Management Center (BSCOMC) and Beijing Xicheng Capital Holdings Co. Ltd., according to a Wednesday statement on its website.

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