JPMorgan Applies for China Venture Control After Dimon VisitBy
U.S. bank seeks 51% stake as CEO Dimon aims for full control
- UBS, Nomura submitted similar applications in recent weeks
JPMorgan Brokering (Hong Kong) Ltd. is seeking permission to take a 51 percent stake in a local entity, China Securities Regulatory Commission spokeswoman Gao Li said in a statement late Thursday. The regulator will review the application “efficiently” in accordance with the law and regulations, the statement said…
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