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Nomura and J.P. Morgan receive green light to set up majority-controlled securities JVs in China

Nomura Holdings and JPMorgan Chase have each received regulatory approval from the China Securities Regulatory Commission (CSRC) to establish a majority-owned and controlled securities joint venture in China. Once it has made the necessary arrangements to set up the new company — named Nomura Orient International Securities Co., Ltd — Nomura intends to focus on its wealth management business targeting…

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