TOKYO -- Japan's Nomura Holdings will jointly set up an investment fund with Chinese state-run investment fund China Investment Corp., Nikkei learned on Tuesday. The two companies are expected to reach a broad agreement to coincide with the Japan-China summit later this week.
The joint fund aims to raise some 100 billion to 200 billion yen ($888 million to $1.7 billion) from institutional investors in Japan and China. It will mainly invest in Japanese and Chinese companies, with the aim of helping them launch businesses in both countries. Other Asian companies will also draw investments.
