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Daiwa Securities Group invests in CSC Financial

Daiwa Securities Group Inc. agreed to invest US$20 million in Chinese investment bank CSC Financial Co. Ltd.

The Japanese company said Dec. 9 that it will subscribe to CSC Financial shares equivalent to US$20 million as a cornerstone investor.

Daiwa Securities said the investment is meant to foster a stronger relationship with CSC Financial and leverage each other's resources and networks for future business development.