Nomura Asset Management Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., today announced that it has established a joint venture with Shenzhen Hua Xia Ren He Capital Management Co., Ltd. to conduct a private fund business in the Qianhai Economic Zone in Shenzhen, China.
The city of Shenzhen has granted a license to the joint venture to sponsor and manage a Qualified Foreign Limited Partner (QFLP) fund. QFLP funds allow non-resident investors to invest in private equity funds and venture capital funds domiciled in China.
The joint venture plans to explore business opportunities with high net worth and institutional investors in China and provide investment strategies to foreign investors through the QFLP framework.
Nomura Asset Management sees the joint venture as a key entry point into the growing Chinese market and aims to enhance its presence and develop new businesses in China
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