HONG KONG SAR - Media OutReach Newswire - 2 May 2024 - On 30 April 2024, Nomura Orient International Securities ("Nomura") published a research report stating
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Nomura Holdings said on Thursday it is reassessing its mainland China business, as losses mount at its Shanghai-based securities joint venture in another blow to the top Japanese investment bank's global expansion strategy. Nomura's majority-owned joint venture has struggled to grow since its launch in 2019, dragged down by the pandemic and a slowing economy. In 2022, the joint venture lost 225 million yuan ($30.75 million), after losing 84 million yuan in 2021, according to Nomura's filings.
Nomura Holdings’ Shanghai-based securities joint venture has struggled to grow since its launch in 2019, dealing another blow to the top Japanese investment bank’s global expansion strategy.