Daiwa and Mizuho Clear China Units
Japanese banks Mizuho and Daiwa are set to launch independent securities operations in China after passing final regulatory reviews. This expands their onshore presence while several Western competitors await permits.
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MIZUHO FINANCIAL GROUP INC and DAIWA SECURITIES GROUP INC are launching fully independent securities operations in China after clearing final regulatory reviews. The development highlights expansion efforts by financial institutions based in Japan on the mainland. The move contrasts with peers in western jurisdictions that face prolonged delays for similar approvals.
