Nissan Century Securities Co. is the latest Japanese brokerage to offer Chinese stocks in a bid to bolster revenue as local shares lag the global markets.
Average daily trading on the first section of the Tokyo Stock Exchange dropped 21 percent this fiscal year through October. In the same period, the Nikkei 225 stock average advanced 13 percent, while Hong Kong's Hang Seng Index surged 45 percent when valued in yen. Nissan Century's move also comes amid intensifying competition to lower brokerage commissions.
"Yields from Japanese equities are declining and the market here is too localized," said Takehiko Nuki, president of Nissan Century, a subsidiary of Unicom Group Holdings Inc. "Clients have high expectations for Chinese stocks."