Ecology Action Centre calls for immediate implementation of Coastal Protection Act | SaltWireTOKYO - Nomura Holdings said on Thursday it is reassessing its mainland China business, as losses mount at its Shanghai-based securities joint venture in another blow to the top Japanese investment bank's global expansion strategy.
"With a presence in China for over four decades since 1982, we have consistently sought to contribute to the development of the country's capital markets and service the evolving needs of clients," Nomura said in a statement. While Nomura declined to comment on the reason for the drop, Bloomberg, which first reported the news, said the joint venture has cut jobs and seen a number of departures following a management reshuffle earlier this year.