Wealth and Asset Management
China greenlights Goldman Sachs wealth management JV
The China Banking and Insurance Regulatory Commission (CBIRC) has given approval to the joint venture launch its operations, 13 months after it received its preliminary approval. Goldman Sachs ICBC Wealth Management will have a registered capital of RMB1bn ($149.4m), of which 51% is contributed by Goldman Sachs Asset Management (GSAM),…
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