Goldman Sachs, Morgan Stanley to take control of mainland joint ventures as China opens up financial sector

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Wall Street banks granted regulatory approval to take 51 per cent stakes in securities joint ventures

UBS, JP Morgan and Nomura already won approval for control of mainland JVs under 2018 ruling

Topic | Goldman Sachs

Published: 9:21pm, 27 Mar, 2020

Updated: 9:21pm, 27 Mar, 2020

Wall Street banks win greater access in China. Photo: AP

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