LONDON, 26 October 2018 – Leading corporate finance advisor, DC Advisory (DC), today is delighted to announce that its parent company Daiwa Securities Group Inc. (Daiwa), signed a Strategic Partnership agreement in connection with the establishment of the new Japan – China Industrial Co-operation Fund.
The agreement forms part of the meeting taking place this week between Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang to forge closer economic ties between the two countries.
Daiwa signed the agreement alongside China Investment Corporation (CIC), and other Japanese financial institutions Nomura Holdings, Inc., Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group, Inc., and Sumitomo Mitsui Financial Group.
The Co-operation Fund will focus on investments in Japanese companies that have or can help further develop business connections with China, to encourage a stronger trade and investment relationship between the two countries. Daiwa, CIC and the other Japanese financial institutions involved will continue to liaise regularly as the formation of the Co-operation Fund progresses.
Richard Madden, CEO of DC Advisory UK, commented: “We are proud of our parent company’s role in this landmark shift in Asia relations. It’s testament to Daiwa’s position throughout the Asian economy that it has been invited to participate in this milestone strategic partnership. We are looking forward to seeing how this agreement progresses and connecting DC Advisory accordingly.”
The Co-operation Fund will be formally established once a final contract is signed between the joint venture general partners following the completion of further discussions, and approvals from related governmental and regulatory authorities.Return to Press Releases