Daiwa Securities SMBC Co. plans to invest about ¥200 billion of its own money in the coming year to restore profit that has been battered by a slump in underwriting fees.
Japan’s second-biggest investment bank will lift principal investments to about ¥600 billion from ¥408 billion as of Dec. 31, President Shin Yoshidome said in an interview Friday. The Tokyo-based firm will mainly buy stakes in Chinese unlisted companies, he said.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
We humbly apologize for the inconvenience.