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J.P. Morgan obtains CSRC approval to fully own securities venture in China

J.P. Morgan has become the first foreign firm in China to take full ownership of its securities venture after securing regulatory approval. The China Securities Regulatory Commission (CSRC) has greenlighted the American lender’s June application to acquire the remaining shares of its J.P. Morgan Securities (China) Company Limited (JPMSC), reads the bank’s press release last Friday. In October last year, J.P. Morgan…

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