JP Morgan gets approval for securities joint venture in China

10 January 2011 | 1 minute read

JP Morgan announced that it has received approval from China Securities Regulatory Commission (CSRC) to establish its securities joint venture with First Capital Securities, according to a statement issued by the bank.  The joint venture, JP Morgan First Capital Securities will be based in Beijing.  First Capital Securities will have a 67% stake in the new entity with the remaining…

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