Daiwa, Mizuho clear final hurdles to launch China securities units, Bloomberg says. Short Url: 20 Oct 2026 17:36:53 GMT9 HONG KONG: Japanese banks Mizuho Financial Group and Daiwa Securities are poised to launch fully independent securities operations in China after clearing crucial regulatory hurdles, according to a Bloomberg report. The move highlights expansion efforts by Japanese financial companies in China, setting them apart from several Western competitors grappling with prolonged waits for such permits. Both institutions were recently notified that they had successfully passed final reviews for such operations on the mainland, the report said, citing a source familiar with the matter. Mizuho and Daiwa did not immediately respond to requests for comment. China's financial regulators did not immediately respond to a Reuters request for comment. The move caps long-running efforts by both institutions to build up their onshore presence. In September last year Mizuho won the securities licence in China needed to secure a green light from regulators for operations in the domestic market. It officially applied to set up its unit in November 2023. Daiwa, which has been consolidating operational control, agreed this year to buy out local joint venture partners in a $100 million deal to pave the way for a wholly owned structure. While Japanese institutions secure their green lights, major US banking peers are navigating uncertainty while waiting for Beijing's final go-ahead. Citigroup has been waiting for clearance since it applied late in 2021 for a wholly-owned mainland brokerage license, while market maker Citadel Securities, with an application pending since early 2025, also awaits the nod.

Owner and operator of Australia's most powerful battery gears up for next phase of BESS development backed by a consortium of 11 banks and a new $A1.75 billion financing facility.

Gotham Hall to host 2026 U.S. Women in Finance Awards. Markets Media Group's 12th annual U.S. Women in Finance Awards will take place on November 16 at Gotham Hall, a historic New York City venue with deep roots in the financial industry. Located in Midtown Manhattan, Gotham Hall has a long history in New York's banking industry. Construction began in 1922 as the bank prepared to relocate from Greenwich Village to its new location in Midtown Manhattan. The building opened its doors in 1924 and remained home to Greenwich Savings Bank until 1981, followed by several other financial institutions. In 2002, the building was transformed from a former banking hall into an event venue, and in 2005, it was added to the National Register of Historic Places. Last year's Women in Finance Awards recognized a range of industry leaders, including Cheryl Gilberg of Mizuho Americas, who received CMO of the Year; Marianna Rayetskyy of Liquidnet, who received the Mentorship Award; and Vanessa Bogaardt of Bank of America, who was honored for Excellence in Banking. This November, Gotham Hall will once again welcome members of the financial community, this time to recognize the women helping shape its future. And receive exclusive articles on securities markets The 2026 Global Markets Choice Awards are here! Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below: https://www.jotform.com/form/260086385121150 Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio. As the digital assets industry pushes toward Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below: $50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.