Negotiations between Nomura Holdings (8604.T) and a Chinese government fund to set up a 150 billion yen ($1.3 billion) fund are in the final stages, a person with direct knowledge of the situation said.
Sources said they were trying to reach a basic agreement on October 26, when Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping will meet in Beijing; sources asked not to be named, so the news has not been formally determined.
The NHK says the fund will be used for infrastructure projects in other Asian countries.
Sources said the goal of the fund's formation is to pool funds from super-large banks such as Mitsubishi Nissan Financial Group (MUFG) and life insurers.
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