Tuesday, October 27, 2020
Tags JPMorgan China

Tag: JPMorgan China

JPMorgan to Raise Equity Stake in Chinese Securities Joint-venture from 51% to 71%

Wall Street bank JPMorgan will significantly raise its stake in its majority-owned securities joint-venture in China, amidst further moves by Chinese regulators...

JPMorgan Grabs Approval for China’s First Fully Foreign-owned Futures Firm

Storied Wall Street bank JPMorgan is set to become the first foreign bank to fully own a futures business in China after...

JPMorgan Set to Become First Foreign Bank to Fully Own Mutual Fund Vehicle in China

Storied American investment bank JPMorgan has entered an agreement to buy out the stake of the local joint-venture partner in its Chinese...

JPMorgan Becomes First US Bank Approved for Majority-owned Securities Venture in China

JPMorgan Chase has obtained approval from Chinese regulators to launch its own majority-owned securities business in the Middle Kingdom.

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Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...