December 18, 2019 / 10:31 AM / a month ago

JPMorgan receives approval for majority-owned securities venture in China

BEIJING/HONG KONG, Dec 18 (Reuters) - JPMorgan said on Wednesday it received Chinese regulatory approval to set up a majority-owned securities venture in the country.

The Wall Street bank said the joint venture’s services will include brokerage, investment advisory, underwriting and sponsorship.

Reporting by Samuel Shen and Noah Sin, editing by Louise Heavens

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