Nomura explores China market via FTZ venture

The Japanese investment bank is the first non-Chinese securities house to provide overseas products and advice within the Shanghai free-trade zone.

Nomura has moved to enhance its presence in mainland China by setting up a joint venture in the China Shanghai Pilot Free Trade Zone.

The Japanese investment bank has signed a joint venture agreement with related parties of state-owned developer and financial group Shanghai Lujiazui Development Group, as well as Shanghai Jiu You Equity Investment Fund Management.

Nomura will hold 60% of the JV - called Shanghai Nomura Lujiazui Investment Management - and will register in the FTZ, according to an announcement on Monday.   

The JV will not target retail investors directly but will provide information...

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