Nomura's shares decline, but analysts advise caution

Article Abstract:

Nomura Securities shares have recently plummeted to a fraction of their price, making it seem like a good buy. Although Nomura is the largest brokerage firm in Japan, its shares' closing price on Feb 19, 1999 was 10% lower than that of its smaller sister company, Kokusai Securities. This development has prompted analysts to warn against investing in Nomura, despite optimistic views that the firm need only sell its 30% stake in Kokusai to recoup the losses it underwent following the slump of Russia's financial markets and the depression of its collateralized mortgage-backed securities in the US.

Japan, Securities Dealers, Investment Banking and Securities Dealing, Financial analysis, Stock Brokerage, Securities, Nomura Securities Company Ltd.

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Hong Kong's GEM modifies its guidelines

Article Abstract:

The Growth Enterprise Market (GEM) in Hong Kong is modifying its rules and guidelines, due to criticism that it favored inner circle companies over others. The recent changes include rules governing new shares, management holdings, and length of business operations. With the acceptance of these new criteria, hopes are that the GEM will be able to run more smoothly.

Securities and Commodity Exchanges, Strategy & planning, Security and commodity exchanges, Securities Exchanges, Hong Kong, Stock exchanges, Growth Enterprise Market

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Salomon taps Leung for top China post

Article Abstract:

American investment bank Salomon Smith Barney is hiring Francis Leung as manager of its Chinese operations. Leung, who is leaving BNP Paribas Peregrine's vice presidency, has a long history of doing business in China and Hong Kong. It is hoped that he will be able to reap the benefits of China's privatizations and IPOs.

United States, China, Executive changes & profiles, Appointments, resignations and dismissals, Salomon Smith Barney Holdings Inc., Leung, Francis

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