China bans Nomura senior investment banker from leaving mainland -sources

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The logo of Nomura Securities is pictured at the company’s Otemachi Head Office in Tokyo, Japan, November 18, 2016. REUTERS/Toru Hanai/File photo Acquire Licensing Rights HONG KONG, Sept 25 (Reuters) – Authorities in China have ordered a senior Nomura Holdings (8604.T) banker overseeing the firm’s investment banking operations there not to leave the mainland, two sources with knowledge of the matter said. The ban comes as concerns grow among Western businesses about darkening prospects in the world’s second-largest economy at a time of slowing growth, coupled with new laws that make for tougher operating conditions. Charles Wang Zhonghe, China investment…

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