NOMURA HOLDINGS, INC. News Release
Nomura Establishes Joint Venture in Shenzhen Tokyo, September 10, 2014-Nomura Asset Management Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., today announced that it has established a joint venture with Shenzhen Hua Xia Ren He Capital Management Co., Ltd. to conduct a private fund business in the Qianhai Economic Zone in Shenzhen, China.
The city of Shenzhen has granted a license to the joint venture to sponsor and manage a Qualified Foreign Limited Partner (QFLP) fund. QFLP funds allow non-resident investors to invest in private equity funds and venture capital funds domiciled in China.
The joint venture plans to explore business opportunities with high net worth and institutional investors in China and provide investment strategies to foreign investors through the QFLP framework.
Nomura Asset Management sees the joint venture as a key entry point into the growing
Chinese market and aims to enhance its presence and develop new businesses in China.
Name: Nomura China Asset Management Co., Ltd.
(Shenzhen Dong Fang Ren He Asset Management Co., Ltd.) Registered: Qianhai Economic Zone, Shenzhen, People's Republic of China Capital: Renminbi 13 million (approx. US$2 Million)
Shareholders: Shenzhen Hua Xia Ren He Capital Management Co., Ltd.: 50%
Nomura Asset Management Co., Ltd.: 50%
ends
Nomura
Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit http://www.nomura.com/www.nomura.com.
|
distributed by
|
