• Kyodo

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Nomura Holdings Inc. is planning to establish a fund of over ¥100 billion with Beijing-affiliated China Investment Corp. to help companies from both countries expand businesses, a source close to the matter said Tuesday.

They aim to reach a basic agreement to coincide with Prime Minister Shinzo Abe’s meeting with Chinese leaders Friday in Beijing, signaling improved ties between the two countries’ private sectors on top of detente in diplomatic relations, the source said.

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