Nomura Asset Management Co Ltd, the core company within the Asset Management Division of Nomura Group, announced on Monday that it has agreed to participate in the JPX-SSE exchange traded fund connectivity plan in partnership with China Asset Management, the largest ETF management company in China.

As part of the efforts to strengthen bilateral cooperation between Japan and China, the Japan Exchange Group Inc and Shanghai Stock Exchange have agreed to mutually list ETFs on the Shanghai Stock Exchange and Tokyo Stock Exchange.

The two companies aim to further develop capital markets in Japan and China by enhancing opportunities for investment in both countries, according to a Nomura statement.

Through its ETF product range and participation in the scheme, Nomura Asset Management will "continue working to provide clients with a wide range of investment opportunities, as well as contribute to the development of the ETF market," the statement said.