Wealth and Asset Management
JPMAM expands China wealth management partnership
JPMAM intends to invest about RMB 2.67bn ($410m) in China Merchant Bank’s asset management subsidiary, CMB Wealth Management, for a 10% equity stake, according to a joint statement by the firms late on Friday. The transaction, which is subject to approval by the China Banking and Insurance Regulatory Commission (CBIRC),…
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