Nomura to Launch JV in Shanghai Free Trade Zone

May 19, 2014

On May 19, 2014, chinadaily.com reported that Nomura Holdings Inc. will set up a joint venture in the China (Shanghai) Pilot Free Trade Zone with three Chinese companies.


On May 19, 2014, chinadaily.com reported that Nomura Holdings Inc. will set up a joint venture in the China (Shanghai) Pilot Free Trade Zone with three Chinese companies.  The new JV will be called Shanghai Nomura Lujiazui Investment Management Co. and will be a consolidated subsidiary of Nomura, which will hold a 60 percent stake in the JV.  Shanghai Lujiazui Financial Holdings Co. will have a 20 percent stake, and Lujiazui International Trust and Shanhai Jiu You Equity Investment Fund Management will each hold a 10 percent stake.  The joint venture will provide information on financial markets and products to financial institutions in the Shanghai Free Trade Zone, which will enhance Nomura‚Äôs presence in the China market.

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