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JPMorgan receives approval for majority-owned securities venture in China - Metro US

JPMorgan receives approval for majority-owned securities venture in China

FILE PHOTO: A J.P. Morgan logo is seen in New York City, U.S., January 10, 2017. REUTERS/Stephanie Keith/File Photo
Reuters

BEIJING/HONG KONG (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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