• Bloomberg


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.

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