January 14, 2021

Daiwa Securities (China) Co., Ltd. (hereinafter referred to as Daiwa Securities (China)) has completed its registration and officially set up in Financial Street, becoming the first foreign-controlled securities company established in Beijing through a new setup.

Daiwa Securities (China) is a joint venture established by a foreign party Daiwa Securities from Japan and two entities from China - the Beijing State-owned Capital Operation and Management Center and the Beijing Financial Street Capital Operation Center. With the foreign shareholding of 51 percent and a combined domestic shareholding of 49 percent, the company has a registered capital of CNY 1 billion. Its business scope includes securities brokerage, securities underwriting and sponsorship, and proprietary securities trading. Leveraging the strong capabilities of its parent group, Daiwa Securities (China) will fully expand its presence in China's capital market and bring its unique advantages in the securities business domain.

(Source: Xicheng District Commerce Bureau)