JPMorgan, Fidelity win approvals as China further opens up domestic markets

//JPMorgan, Fidelity win approvals as China further opens up domestic markets

JPMorgan, Fidelity win approvals as China further opens up domestic markets

Beijing has granted a series of licences to Wall Street banks and overseas asset managers as it further opens up its domestic financial markets against the backdrop of a rapid regulatory crackdown on the technology sector that has sapped the confidence of some foreign investors in Chinese listings.On Friday, JPMorgan Chase became the first foreign firm to win approval from the China Securities Regulatory Commission (CSRC) to take 100 per cent control of its securities joint venture on the…

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By | 2021-08-09T13:00:17+00:00 August 9th, 2021|Business|Comments Off on JPMorgan, Fidelity win approvals as China further opens up domestic markets