China approves Japan's Mizuho to set up securities firm in Beijing
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China's securities regulator has approved Mizuho Financial Group to establish a wholly owned securities firm in Beijing, with a registered capital of 2.3 billion yuan ($323.08 million). This decision marks a significant step in China's financial sector opening to foreign firms, following the removal of foreign ownership limits in 2020. Mizuho joins other global institutions like Goldman Sachs and BNP Paribas in expanding their presence in China's $19 trillion capital market.
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Source: Reuters The copyright of this article belongs to the original author/organization.
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