Daiwa Securities (TYO:8601) to Develop a Fund Jointly with Chinese State-run Entity

  Tokyo, Japan, Sep 18, 2009 - (ABN Newswire) - Daiwa Securities Group Inc. (TYO:8601) will invest in China through its affiliate, jointly with a Chinese state-run investment entity, to buy stakes in inland Chinese businesses.Daiwa SMBC Capital Co., a banking and financial services provider, will team up with Hubei Hi-tech Industrial Investment Co. and others to develop a fund, which will eventually have 400 million yuan, or roughly 5.  

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