The approvals come as several U.S. firms are still awaiting licenses to operate their own securities units in China. The difference in timing highlights varying levels of access for foreign financial institutions attempting to expand into the Chinese market.
Tuesday, October 20, 2026
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Daiwa and Mizuho Secure Licenses for Wholly Owned China Units
Business19 hours ago
Regulatory authorities in Beijing have cleared the way for Daiwa Securities and Mizuho Financial to enter the domestic brokerage market. The Japanese firms obtained approvals to launch securities businesses in mainland China that they will own entirely, clearing the final hurdles to their entry, a person familiar with the matter said.
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