Mizuho Gains Landmark Approval to Launch Fully-Owned Securities firm in Beijing
BEIJING – In a significant move signaling continued financial liberalization, China’s securities regulator has granted Japanese banking giant Mizuho Financial Group permission to establish a wholly-owned securities firm in Beijing. The approval, announced Tuesday by the China Securities Regulatory Commission (CSRC), marks a major step for Mizuho and reflects China’s ongoing efforts to open its financial sector to foreign investment.
The new subsidiary will be fully owned by Mizuho Securities and backed by a registered capital of 2.3 billion yuan (approximately S$416.2 million). The CSRC’s decision arrives roughly two years after Mizuho initially submitted its application.
Mizuho joins a growing cohort of international financial institutions – including Goldman Sachs and BNP Paribas – now authorized to operate fully-owned securities branches within China, the world’s second-largest economy.
this progress follows China’s 2020 removal of foreign ownership restrictions on securities firms, a pivotal change designed to encourage greater participation from international players in the country’s vast capital market, currently valued at US$19 trillion. The move is expected to foster increased competition and innovation within the Chinese financial landscape.
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