Wall Street banks win greater access in China. Photo: AP
Goldman Sachs, Morgan Stanley to take control of mainland joint ventures as China opens up financial sector
- 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
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Goldman Sachs
Wall Street banks win greater access in China. Photo: AP