JPMorgan Chase has announced a plan to acquire its local partner's minority stake in their China International Fund Management joint venture. The Chinese government's decision to lift restrictions on foreign control as of April 1 has paved the way for the firm to hold 100% ownership.
JPMorgan bids to control China investment venture
Sign up for GFMA SmartBrief
Securities, global capital markets and financial services news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.