Wealth and Asset Management
China approves Goldman Sachs, ICBC joint wealth management venture
China's largest bank Industrial and Commercial Bank of China (ICBC) said on Tuesday its unit had received approval to set up a foreign-controlled wealth management firm with Goldman Sachs Asset Management. The unit of U.S. banking giant Goldman Sachs Group Inc will offer a 51% funding contribution ratio, while the…
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Click here to read the full story: Yahoo Finance