Mizuho floats plan to establish securities company in China

The Japanese megabank said that authorities have officially received their application.

Mizuho Financial Group has applied for authorisation to establish a securities company in China.

The China Securities Regulatory Commission (CSRC) has officially received the application by Mizuho Securities, the bank said in a press announcement.

If approved, Mizuho will officially enter China’s capital markets, said to be the world’s third largest fee pool. The bank said that it will use its network of offices to provide services and solutions to issuers and investors in and outside China, with a particular focus on bonds.

“Through the new securities company in China, Mizuho will contribute to the further development of the Chinese capital markets and provide even stronger support for clients’ China and renminbi-related business,” Mizuho said in a press release.

Separately, Mizuho recently inked a memorandum of understanding with Lombard Odier to enhance Mizuho's sustainable finance offerings.