Nomura reassesses mainland China business plan as losses mount ...Middle East

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Nomura reassesses mainland China business plan as losses mount
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The logo of Nomura Securities is seen at the company’s Head Office in Tokyo, Japan, November 28, 2016. REUTERS/Toru Hanai/File Photo Acquire Licensing Rights TOKYO, Oct 26 (Reuters) – Nomura Holdings (8604.T) 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 filin

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