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Financials

Goldman's China JV gets regulatory nod for alternative investment business

BEIJING, July 28 (Reuters) - Goldman Sachs’ China securities venture obtained approval from the Chinese securities watchdog on Wednesday to conduct alternative investment business via a subsidiary.

The China Securities Regulatory Commission said Goldman Sachs Gao Hua Securities Co should strengthen its risk control over its subsidiary and prevent a conflict of interest, according to a statement on its website. (Reporting by Beijing Newsroom, Editing by Louise Heavens)

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