BEIJING, April 16 (Xinhua) -- Global financial services group Nomura will continue to develop its business in China as the two-way opening of the country's capital market deepens, a senior executive has said.
During the "two sessions" and the China Development Forum held last month, the Chinese government has sent positive signals of promoting high-level opening up, Kenji Teshima, head of the China Committee of Nomura Holdings, told Xinhua in a recent exclusive interview.
At the same time, a slew of substantial opening-up measures in the financial sector are being implemented, providing new opportunities for foreign financial institutions, including Nomura, noted Teshima, who is also the Representative Director and CEO of Nomura Asia Pacific Holdings.
Since the company set up a representative office in Beijing in 1982, it has been developing its business steadily and sustainably in the past decades.
In 2019, the Nomura Orient International Securities (NOI), a joint venture in which Nomura Holdings owns a 51-percent stake, was approved, becoming one of the first foreign-controlled securities firms in China.
According to Teshima, NOI's business developed steadily last year despite volatility in the Chinese stock market and NOI's performance is expected to improve this year.
While NOI has obtained five licenses, he said that "we are striving for the sixth one and eyeing more licenses so as to provide diversified services and more plentiful custom-made private products to our clients."
He sees many bright spots of the Chinese economy in electric vehicles, artificial intelligence and other fields, with a large number of enterprises standing out in these areas.
"We want to be of course the cheerleader of the China market. I think China has a lot of good companies that we must introduce to global investors. Also, we want to introduce good products in the international market to Chinese investors," he said.
Boasting nearly 100 years of history, Nomura has an integrated network spanning approximately 30 countries and regions.
"Relying on its global network, Nomura is committed to meeting the needs of Chinese clients in finding opportunities and financial solutions across the world," Teshima said.
Nomura is optimistic about the medium-and-long-term prospects of the Chinese economy and will continue to bring more value from overseas to support China's financial markets, he stressed. ■
