Pedestrians crossing a road in front of a billboard on the wall of a construction site in Beijing's central business district on July 12, 2018. Photo: AFP

Wall Street’s dream of prying open China’s US$45 trillion market is inching toward reality

  • UBS, JPMorgan and Nomura have applied for majority stakes in their Chinese ventures, while Morgan Stanley and Credit Suisse are expected to apply
  • Goldman Sachs, Citigroup and Bank of America haven’t applied
Topic |   Banking & Finance

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Pedestrians crossing a road in front of a billboard on the wall of a construction site in Beijing's central business district on July 12, 2018. Photo: AFP
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