Tokyo-headquartered Nomura Holdings has joined the China Finance 40 Forum (CF40) as an executive member following an invitation from CF40, the firm announced today.

Nomura is the first Japanese company and the thirteenth foreign firm to become an executive member of CF40, according to its statement.

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CF40 was established in Bejing in 2008 and is one of the most influential non-government, nonprofit think tanks in China. It has 74 executive members and is dedicated to policy research on economics and finance and academic exchange.

Nomura explained in its statement that CF40 organizes over 100 events annually on China and global economic and financial issues, including large scale summits such as the Bund Summit and Yichun Forum. It also holds joint seminars with international organizations such as the International Monetary Fund and the Peterson Institute for International Economics.

These events provide opportunities for exchange between policy experts, financial and economic researchers, and practitioners, according to the firm.

“Additionally, CF40’s research looks at issues related to such topics as international finance, financial supervisory management and FinTech, making it the focus of attention in China’s financial industry,” Nomura noted.

Commitment to China

The Japanese firm recently became the first foreign firm to newly establish a majority-owned securities joint venture in China.

“Nomura’s invitation to join CF40 is testament to this and 40 years of commitment to China as Asia’s global investment bank,” the firm said.

Nomura added that it would continue working to contribute to the development of the Japanese and Chinese capital markets and the economic growth of both countries.