又一家外资券商来了→

Core Viewpoint - The establishment of Mizuho Securities (China) marks the third Japanese securities firm approved to operate in China, focusing initially on bond business to tap into the domestic market [1][3]. Group 1: Company Establishment - Mizuho Securities (China) has been approved by the China Securities Regulatory Commission (CSRC) and is registered in Beijing with a capital of 2.3 billion RMB [3]. - The company is fully owned by Mizuho Securities Co., Ltd., which is part of Japan's largest financial holding group, Mizuho Financial Group [3][4]. - The approval process for Mizuho Securities (China) began in June 2022, with the formal establishment occurring on September 30, 2023 [3][6]. Group 2: Business Focus - The initial business focus of Mizuho Securities (China) will be on bond sales and trading, aligning with the strengths of Mizuho Financial Group [3][4]. - The company will also engage in securities underwriting and asset management, limited to asset securitization [3]. Group 3: Management Team - The General Manager of Mizuho Securities (China) is Ying Xin, who previously served as the General Manager of Daiwa Securities (China) and has extensive experience in the securities industry [1][5][7]. - Ying Xin has a background in corporate management and has held various positions in notable firms, including CITIC Securities and Morgan Stanley Huaxin Securities [5][7]. Group 4: Market Context - With the establishment of Mizuho Securities (China), the total number of foreign securities firms in China has increased to 12, with 6 being wholly foreign-owned [7]. - The ongoing opening of China's capital markets is expected to enhance the participation of foreign securities firms, with several others awaiting approval [7].