PHOTO
A logo of Mizuho bank, belonging to Mizuho Financial Group, is seen at its branch in Tokyo January 29, 2013. Mizuho Financial Group Inc, Japan's second-largest lender by assets, reported a 45 percent increase in net profit for the nine months ended December, helped by a year-end rally in Japanese equities. Picture taken January 29, 2013. REUTERS/Shohei Miyano (JAPAN - Tags: BUSINESS EMPLOYMENT LOGO) - RTR3D6J7
Japanese bank Mizuho has sought to establish a securities company in China, becoming the latest foreign firm to make an inroad into China's onshore securities market with a fully-owned entity.
The China Securities Regulatory Commission has received Mizuho Securities' application, according to a filing record issued on Wednesday from the regulator's website.
Citigroup and Standard Chartered are also in the process of establishing securities units in China after Beijing allowed wholly-owned foreign securities companies in 2019.
(Reporting by Beijing and Hong Kong newsroom; Editing by Jacqueline Wong and Mrigank Dhaniwala)