JPMorgan will set up its majority-controlled joint venture in Shanghai, working with the Shanghai Waigaoqiao Free Trade Zone Group and four other investment firms. Photo: AFP

China grants JPMorgan and Nomura approval to take controlling stakes in local securities firms

  • JPMorgan Chase and Nomura Holdings get permission to set up majority-owned brokerages in China, part of an effort to open up the onshore market
Topic |   Banking & Finance

TOP PICKS

JPMorgan will set up its majority-controlled joint venture in Shanghai, working with the Shanghai Waigaoqiao Free Trade Zone Group and four other investment firms. Photo: AFP
READ FULL ARTICLE