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JPM AWM expresses “desire” to take majority stake in Chinese JV

J.P. Morgan’s asset and wealth management business has expressed a “desire and intent” to increase its current joint venture (JV) stake in China International Fund Management Co Ltd, to ramp up its China onshore presence. Meanwhile, J.P. Morgan’s corporate and investment banking division has applied with the China Securities Regulatory Commission (CSRC) to establish a securities company in which it would…

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