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Daiwa, Mizuho Get China Approval for Wholly Owned Securities Firms

By Drooid · Oct 20, 2026, 6:30 AM UTC · How we work

Summary

Story summary

Daiwa Securities Group and Mizuho Financial Group received approvals to launch wholly owned securities firms in China.
The approvals followed Vice Premier He Lifeng’s March trade delegation with Japanese officials.
Mizuho’s securities unit confirmed the news and will keep preparing.
Daiwa’s joint venture, bought for $100 million in April 2026, had a license since June 2021.

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Story summary

Daiwa Securities Group and Mizuho Financial Group received approvals to launch wholly owned securities firms in China.
The approvals followed Vice Premier He Lifeng’s March trade delegation with Japanese officials.
Mizuho’s securities unit confirmed the news and will keep preparing.
Daiwa’s joint venture, bought for $100 million in April 2026, had a license since June 2021.