If authorised, Mizuho is set to leverage its presence in the region which includes several offices.

The firm will provide services and solutions across high added value funds raising and management, centring on bonds. These will be available to issuers and investors both within and outside of China.

The capital markets in China are the world’s third largest fee pool, with further investment in the region and market expansion expected across the industry, asserted Mizuho.

Read more: Celebrating International Women’s Day with… Mizuho’s Lu Fu

According to the firm, “through the new securities company in China, Mizuho will contribute to the further development of the Chinese capital markets and provide even stronger support for clients’ China and renminbi-related business”.

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LCH confirmed in a statement that Mizuho Securities was the first institution in Japan to access LCH SA’s Euro debt clearing services as a member of RepoClear. The move means that Mizuho can now access LCH’s netting pool of Euro-denominated debt, and benefit from risk management and efficiencies of central clearing.

“Becoming a member of LCH SA means that Mizuho is now able to benefit from the largest pool of Euro debt clearing in Europe. Clearing through LCH SA enables us to maintain access to this important liquidity pool while managing our counterparty risk effectively,” said Nozomi Kishimoto and Amandine Triadu, head of repo Tokyo and London respectively at Mizuho Securities.

Corentine Poilvet-Clèdiere, head of RepoClear and collateral at LCH SA, described the partnership with Mizuho Securities as an important step in the development of LCH SA’s cash bond and repo trade clearing service.

“This is an important step in the international development of RepoClear’s service, building on the consolidation of Euro debt clearing into LCH SA earlier this year. We look forward to continuing to expand our membership base and our service offering over the coming months,” she added.

Poilvet-Clèdiere joined LCH SA in January from the London Stock Exchange where she was formerly head of regulatory strategy, playing a central role engaging on policy issues, particularly in post-trade.  She was also part of the team involved in launching CDSClear as a former governance manager at LCH, prior to her role with the exchange group.

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