According to Nikkei, Nomura Holdings Co., Ltd. has submitted an application to the CSRC for the establishment of a foreign invested securities company, and Nomura holdings is to hold 51%. On the evening of 8, the securities and Futures Commission spokesman Gao Li also confirmed that he had received application materials from Nomura holdings. It is just 10 days since the SFC announced the measures for the management of foreign investment securities companies. After the implementation of the new regulation, the first foreign equity broker to set up a controlling shareholder in China directly. Nomura, as Japans biggest broker, was full of arrogance: in May 8th, Nomura announced that Lu Ting, the director of the former Huatai Securities Institute, was the chief economist of China. As noted by Xiao Bian, Lu Ting was admitted to Peking University economic department in 1993 as an outstanding scholar in Jiangsu. Lu Ting in the U. S. silver Merrill Lynch license Lu Tings academic and professional career witnessed the rise of Chinas economy. At the age of 33, he had also been famous in the industry because of the accurate prediction of the trend of Chinas economy after the financial crisis. In 2015, Lu Ting transferred from Merrill Lynch to Huatai Securities, which also led to a wave of return of the returned overseas elite in the industry. This time, Lu Ting chose Japans largest brokerage company to actively enter China. What kind of answer will be delivered in the future? Speaking of Nomura Securities, domestic investors may not be very familiar with it, but internationally, this Japans largest brokerage firm has a reputation as loud as thunder. Every Xiaobian noted that Nomura Securities (and its predecessor) could even be traced back to Japan before the Meiji Restoration. Nomura seven, the founder of Nomura Securities, was born in 1878 and entered the Japanese aristocracy. The Nomura family was also a prominent family in Japan at that time. In 1906, Nomura Tokunaga set up a research department within the family business Nomura holdings, which formed the prototype of Nomura Securities later. At that time, the Japanese government needed to issue bonds through Nomura holdings and other intermediaries to raise funds overseas. Nomura seven found the editor in chief of the local newspaper in Osaka, and recruited a group of young English speakers to study the international financial situation. Source: Wikipedia /Kakidai In 1925, Nomura Securities was independent of Osaka Nomura bank and engaged in stock and bond broking businesses. In 1927, Nomura Securities established a branch in New York. In 1961, Nomura was listed. By 1981, Nomura was already a member of the two largest stock exchanges in New York and London. In 2008, the bankrupt Lehman brothers business in Asia was captured by Nomura Securities. In 2009, Nomura was designated as a priority trader by the Federal Reserve, enjoying preferential rights in the open market operation of the Federal Reserve and the auctions of US Treasury bonds. According to the 2017 annual report of Nomura holdings, the groups revenue was 1 trillion and 700 billion yen last year, about 100 billion yuan, and the net profit was about 240 billion yen, or about 14 billion yuan. China continues to promote financial opening In April 11th of this year, the new governor of the central bank, Yi Gang, put forward six opening measures in the financial field in Boao Asia Forum, which included the opening of the upper limit of foreign ownership of securities companies, fund management companies, Futures Company and personal insurance companies to 51%, and no limit after three years. Less than a month later, Chinas financial opening measures have been advancing smoothly. In April 28th, the SFC announced the measures for the management of foreign invested securities companies, allowing foreign capital holding joint venture brokerages to raise their shareholding ratio to 51%. This management method was published only five days. In May 3rd, UBS submitted the application for the change of equity, and the Swiss bank was expected to increase the proportion of the holdings of UBS from 24.99% to 51% to realize the holding position of UBS. In addition, Morgan Stanley has previously held a ratio of 49% to the prescribed limit in the joint venture broker, and Morgan Stanley, who has been trellis shares, is considered to be interested in the Chinese securities market. In May 8th, Premier Li Keqiang, one of the most influential newspapers in Japan, Asahi Shimbun published an article entitled let the Sino Japanese peace and friendly cooperation cause sail again, according to the Chinese government network. This article says, the Chinese side will sign the currency swap agreement with the Japanese side on the same day, and announce that it will give Japanese qualified foreign investors (RQFII) the quota. In addition, in the field of payment, WorldFirst, a British capital enterprise, submitted an application to China for its entry into China. Experian has also submitted an application for filing corporate credit information in China. Nomura announced its appointment as chief economist of China in May 8th. Lu Ting will be stationed in Hongkong, China, and report to Su Bowen, research director of the emerging market economy of Nomura. Lu Tings main responsibility in Nomura will be to lead the team to predict the trend of Chinas economy and to focus on macroeconomic research that will affect Chinas development. An article published by Lu Ting in Huatai Securities official showed that his hometown was in Changle Town, Haimen City, north of Jiangsu Province, and Changle was the hometown of Zhang Jian, the famous industrial and family teacher. According to Lu Ting, he filled out the Beijing University of economics at the time when he filled in the volunteers, and finally got the champion of the Liberal Arts in Jiangsu province. This win let the rural children enter Yanyuan reading. Lu Ting returned to the video screenshot of the Peking University lecture After experiencing the long academic career of Peking University and UC Berkeley, Lu Ting has a profound understanding of Chinas macroeconomic aspects and the history of economic thought. After graduating from Ph.D. in 2006, Lu Ting joined the worlds seventh largest investment bank Merrill Lynchs Asia Pacific macro team. In September 2008, the Lehman brothers applied for bankruptcy. Lu Ting, who was only 33 years old, made the following judgments: First, the collapse of Lehman brothers, when domestic crisis consciousness was not enough and too optimistic. Second, the RMB will not devalue, and will be stable. Third, Chinas GDP growth rate will exceed 8% in 2009. Lu Ting received an interview with CNBC Many of these economists are pessimistic about the economic trend of China and the Asia Pacific region. In addition to Lu Ting, only the economists in the Asia Pacific region of Nomura Securities are standing on the side of Lu Ting. In 2009, Chinas GDP grew by 9.1%, and the yuan remained above 6.8 against the US dollar. The victory and defeat of this debate is self-evident, and the winning side Lu Ting has become famous. In 2010 and 2011, he was Bloomberg commentary as the most accurate Chinese economist. In 2012, he won the China market macro annual forecast champion of stock market weekly and vision Cup. In the 2013 institutional investors of Asian and Chinese economists in the evaluation, Lu was ranked first; in 2013, the Asian Currency magazine economists ranked first in the ranting. Nomura Securities officer announces Lu Ting to join In the golden age of the rapid rise of Chinas economy, it is urgent for the outside world to understand the laws of Chinas economic operation. Lu Ting just came out and became famous. He also called lucky. According to the British report, Lu Ting had said to the media, We are a lucky generation. From 2006 to 2012, we saw that Chinas economy ranked six or seven in the world, rising fourth, third and second, he said.