Saturday, January 16, 2021
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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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.