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J.P. Morgan futures JV becomes first 100% foreign-owned futures firm in China

The China Securities Regulatory Commission (CSRC) has given the green light to J.P. Morgan to take a 100% stake in its futures joint venture J.P. Morgan Futures Co., making it the first wholly foreign-owned futures company in the country. The regulator made the announcement through its website on Thursday, stating that the decision was in line with its effort to further open…

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