Core Viewpoint - Despite rising tariffs, geopolitical tensions, and increasing fiscal pressures, the global economy demonstrates significant resilience, primarily driven by the revolutionary transformation of artificial intelligence, flexible adjustments in trade directions by companies, moderate monetary and fiscal policy easing, and an overall loose financial environment [3]. Group 1: Global Economic Analysis - The resilience of the global economy is attributed to several factors, including the AI revolution, flexible trade adjustments, and supportive monetary and fiscal policies [3]. - Inflation in Asia is expected to remain at historically low levels, although China faces challenges related to domestic demand despite maintaining growth in the first three quarters of the year [3]. Group 2: Trade Impact of U.S. Tariffs - The UNDP report indicates that Southeast Asia's total exports to the U.S. may decline by 9.7% due to tariff-induced price increases, with Vietnam potentially experiencing a drop of 19.2%, which is double the regional average [3]. - Following the implementation of U.S. tariff policies, trade among Asian countries has increased, highlighting the region's economic flexibility and the opportunity for mutual development [4].

Core Viewpoint - The 17th Nomura China Investment Conference highlighted a shift in investor sentiment, with a focus on the resilience of the Chinese economy amidst global challenges and the significant role of AI in future growth [3][4]. Group 1: Market Dynamics - The global stock market is experiencing a robust recovery, driven by the technology sector, with China emerging as a key player [3]. - Despite concerns over US-China trade uncertainties, investments in AI are expected to propel future growth, with China playing a crucial role [4]. Group 2: Economic Outlook - China's economic growth is projected to slow to 4% in the coming quarters, with the government expected to implement measures to support growth [6]. - Long-term growth targets set by the government aim for 4.2% over the next decade, which poses significant challenges given the anticipated decline in export growth from an average of 8% to 3% [6]. Group 3: AI and Technology - Strong investments from major cloud service providers and AI clients are anticipated to drive robust growth in the global AI value chain over the next one to two years [7]. - China is building a self-sufficient AI supply chain, bolstered by domestic infrastructure such as chips and servers, and possesses strong advantages in algorithms and data [7]. Group 4: Monetary and Fiscal Policy - The market's focus is expected to shift towards fiscal stimulus policies, inflation trends, and support for the real estate market [8]. - Expectations for monetary easing, including interest rate cuts and liquidity injections, are likely to persist, indicating potential downward pressure on 2-3 year interest rates [9].

Group 1 - The global economy shows significant resilience despite rising tariffs, geopolitical tensions, and fiscal pressures, driven by AI transformation, flexible trade adjustments, and moderate monetary and fiscal policies [9] - China aims for resilient, stable, and inclusive economic growth from 2026 to 2030, focusing on self-reliance in technology, particularly in semiconductors and AI, while facing challenges such as demand fluctuations and a declining real estate market [12] - Japan's economic growth is expected to slow due to tariff impacts, but it can avoid recession, with core CPI inflation projected to drop below 2% by 2026 [15] Group 2 - The Asian economy (excluding Japan) presents mixed growth prospects, with a strong performance in the tech sector but challenges in non-tech sectors due to high tariffs on labor-intensive industries [19] - The Chinese internet sector's focus will remain on AI strategies and competition in the instant retail space, with expectations of reduced competitive intensity in the fourth quarter [22][23] - China is increasingly developing a self-sufficient AI supply chain, with significant investments in AI infrastructure and a focus on enhancing operational efficiency through large language models [26] Group 3 - Market attention is shifting towards fiscal stimulus policies, inflation trends, and real estate market support, with stable performance in the onshore stock market and steel-related commodities [30] - The A-share market's future growth will be driven by policy support, liquidity, and industrial upgrades, despite high valuations and the need for confirmed improvements in fundamentals [35]

Core Viewpoint - Nomura is actively recruiting for various levels of Java backend developers, indicating a strong focus on enhancing its technology capabilities to support its global operations [2][3]. Group 1: Recruitment Information - Nomura Information Technology is consistently hiring for positions such as Associate Lead Software Engineer, emphasizing the need for expertise in React, API design, and DevOps [2]. - The company specifies experience requirements for different roles: Analyst (2+ years), Associate (5+ years), and Vice President (8+ years) [2]. Group 2: Company Overview - Nomura is a global financial services institution established in 1925, providing wealth management, investment management, and institutional services [3]. - Nomura Information Technology (Shanghai) Co., Ltd. is a subsidiary of Nomura Group, playing a crucial role in the global market technology and infrastructure [3]. - The primary responsibility of Nomura Information Technology is to build a high-performing development team that collaborates with global IT departments to maintain market-leading systems [3].

Core Viewpoint - The 17th Nomura China Investment Conference has officially opened in Shenzhen, highlighting China's remarkable achievements and ongoing reforms in the financial market [2][6]. Group 1: Event Overview - The conference is co-hosted by Nomura and its joint venture, Nomura Orient International Securities, attracting over 40 companies and more than 400 investors [6][8]. - The event features a strong lineup of speakers, including renowned experts and leaders from various industries and technology sectors, as well as Nomura's economists, analysts, and strategists [9]. Group 2: Key Themes and Discussions - The conference will delve into major topics such as global economic outlook, advancements in humanoid robots, and large language models [9]. - Discussions will also focus on the development of the Chinese economy and key industries, including consumer trends and technological progress in artificial intelligence and semiconductors [9]. Group 3: Nomura's Commitment - Nomura has been in the Chinese market for over 40 years and is committed to supporting the development of China's financial market through its global network and joint ventures [6][8]. - The company has been operating its joint venture, Nomura Orient International Securities, for nearly six years since its establishment in 2019 [8].

Core Insights - The article highlights the successful onboarding program for graduates at Nomura, emphasizing the importance of training and support in the early stages of their careers [1][5][9] Group 1: Training and Development - Nomura's onboarding program included a three-week training covering fixed income, rates, credit, risk management, financial statement analysis, modeling, and valuation [1] - The program also featured workshops on public speaking, career development, and personal branding, aimed at enhancing the graduates' professional skills [1] Group 2: Cultural Environment - The supportive culture at Nomura is noted as crucial for new employees, fostering an environment where colleagues are willing to guide and assist each other [5][8] - The fast-paced nature of the work environment requires employees to handle diverse client needs and market dynamics, which can be challenging but rewarding [8][11] Group 3: Personal Growth and Future Aspirations - Graduates expressed a desire to contribute to the company's future, with aspirations to guide and support new entrants in their career paths [9] - The involvement in AI transformation at Nomura is seen as an exciting opportunity, with the potential to reshape client services and the financial industry [10]

Core Viewpoint - Nomura Asset Management has been awarded the "Overseas Investment Institution - Business Potential" recommendation by the China Insurance Asset Management Association (IAMAC) for the third consecutive year, highlighting its professional capabilities and service quality in the insurance asset management sector [1][3][5]. Group 1: Recognition and Awards - The award was presented at the "2025 Insurance Asset Management Industry Investment Business Exchange and IAMAC Recommendation Event" organized by IAMAC, which aims to promote long-term cooperation between insurance institutions and various financial entities [3]. - Liu Zheng, Chairman and Managing Director of Nomura Asset Management Hong Kong, expressed gratitude for the recognition, emphasizing the deepening trust and collaboration with Chinese insurance partners [5][6]. Group 2: Commitment to the Industry - Nomura Asset Management is committed to providing high-quality investment solutions and professional services to Chinese insurance institutions, aiming to create long-term investment returns and promote the healthy development of the insurance asset management industry in China [6]. - The company will continue to serve as a member of IAMAC's International Expert Advisory Committee, which consists of 30 global asset management firms, to enhance its advisory role [7]. Group 3: Company Overview - Established in 1959, Nomura Asset Management is Japan's largest independent investment management company and a leading global firm, with headquarters in Tokyo and offices in major financial hubs including Singapore, Hong Kong, Shanghai, Malaysia, Frankfurt, London, and New York [8]. - As of June 2025, Nomura Asset Management employs 1,360 staff globally, including 354 investment professionals, managing assets totaling $619 billion across various investment fields such as equities, bonds, ETFs, and multi-asset strategies [8].

Core Viewpoint - The "15th Five-Year Plan" (referred to as "15th Plan") is crucial for China's economic and social development from 2026 to 2030, with a draft to be submitted for review in March next year [4]. Group 1: Economic Context - China is the world's second-largest economy by nominal GDP and the largest by purchasing power parity, playing a significant role in global economic growth and consumption of major commodities [4]. - The government faces challenges due to the ongoing decline in the real estate market since 2021, which has impacted the economy [4]. Group 2: Planning and Goals - The government is likely to avoid setting specific growth targets for the "15th Plan," focusing instead on high-quality development, resilience, safety, and inclusiveness, with annual growth targets set later [5]. - A potential growth target of "around 4.5%" for 2026 is anticipated, gradually shifting to "around 4%" by 2030 [5]. Group 3: Investment and Policy Focus - Continued investment and industrial policies will be directed towards achieving technological self-reliance, particularly in semiconductors, artificial intelligence, and biotechnology [5]. - The traditional economy, centered around the real estate sector, will remain a growth pillar while efforts to address real estate market debt and fiscal system repair are expected [5]. Group 4: Social Welfare Reforms - The government may reform the social welfare system, especially the pension system, to achieve income redistribution, with significant increases in basic pension payments for low-income families and enhanced medical insurance subsidies [5].

Group 1 - The chairman of Nomura Holdings, Koji Nagai, participated in the 37th International Business Leaders Advisory Council for the Mayor of Shanghai (IBLAC) and provided suggestions [1] - This year marks the 11th meeting for Nagai since becoming a member in 2015, and Nomura has been attending IBLAC since its inception in 1989 [1] Group 2 - In a video, Nagai expressed the desire to strengthen cooperation with Shanghai as an international financial center, aiming to establish a sustainable relationship based on mutual respect [4] - He highlighted the importance of China's multilateral cooperation and open policies in the context of increasing global economic uncertainty, emphasizing Nomura's commitment to leveraging its global business network for the development of China's financial market [4] - Nomura's subsidiary, Nomura Orient International Securities, has been operating in Shanghai for six years, and the company plans to continue contributing to the city's development [4]

Core Viewpoint - Nomura is actively recruiting for various levels of Java backend developers, indicating a strong focus on enhancing its technology capabilities to support global market operations and infrastructure [2][3]. Group 1: Recruitment Information - Nomura Information Technology is consistently hiring for positions such as Associate Lead Software Engineer, emphasizing the need for expertise in React, API design, and DevOps [2]. - The company specifies experience requirements for different roles: Analyst (2+ years), Associate (5+ years), and Vice President (8+ years) [2]. Group 2: Company Overview - Nomura is a global financial services institution established in 1925, providing wealth management, investment management, and institutional services [3]. - Nomura Information Technology (Shanghai) Co., Ltd. is a subsidiary of Nomura Group, playing a crucial role in the global market technology and infrastructure development [3]. - The primary responsibility of Nomura Information Technology is to build a high-performing development team that collaborates with global IT departments and business stakeholders to maintain market-leading systems [3].