Japan's Daiwa gets nod for majority-owned China securities JV

Japan's Daiwa gets nod for majority-owned China securities JV

A logo of Daiwa Securities is pictured at the company's lobby in Tokyo December 21, 2012. REUTERS/Yuriko Nakao

Japan’s Daiwa Securities Group Inc has received regulatory approval to launch a majorityowned joint venture in China that will provide brokerage and securities underwriting services in the world’s second-largest economy.