Nomura reassesses mainland China plans as losses mount at securities JV

Nomura reassesses mainland China plans as losses mount at securities JV

FILE PHOTO- The logo of Nomura Securities is pictured at the company's Otemachi Head Office in Tokyo, Japan, November 18, 2016. REUTERS/Toru Hanai/File Photo

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.