JPMorgan, Nomura secure approvals to set up China brokerage JVs

FILE PHOTO: A view of the exterior of the JPMorgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files/File Photo

JPMorgan Chase & Co and Nomura Holdings Inc on Friday received Chinese regulatory approval to set up brokerage joint ventures, in the latest step to widen foreign firms’ access to the financial sector.

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