Daiwa, Mizuho reportedly poised to launch China securities units after clearing final hurdles
MFG•Daiwa Securities and Mizuho Financial Group reportedly passed final regulatory reviews for independent securities operations in China. Mizuho said it received its license and is preparing to launch; Daiwa declined to comment.
1. China approvals
Daiwa Securities and Mizuho Financial Group are poised to launch fully independent securities operations in China after reportedly passing final regulatory reviews. Mizuho said it received the license and is preparing for launch; Daiwa declined to comment.
2. Building local operations
Mizuho officially applied to establish its unit in November 2023 and won a securities license in China in September last year. Daiwa agreed this year to buy out local joint venture partners in a $100 million deal to create a wholly owned structure.
