Goldman’s headquarters in New York.


Michael Nagle/Bloomberg Information

Chinese language regulators authorized

Goldman Sachs

GS 3.80%

Team Inc.’s utility to take complete possession of its native securities trade, every other step in China’s sluggish opening of its monetary device to primary avid gamers from the U.S. and in other places.

Goldman had sought approval in December to increase its stake within the trade, and mentioned Sunday that China’s monetary markets regulator, the China Securities Regulatory Fee, had given its assent.

“This marks the start of a new chapter for our China business following a successful 17-year joint venture,” Goldman Leader Government

David Solomon,

Leader Running Officer

John Waldron

and Leader Monetary Officer

Stephen Scherr

wrote in a joint remark.

The securities unit, Goldman Sachs Gao Hua Securities Co., shall be renamed Goldman Sachs (China) Securities Co.

Write to Quentin Webb at [email protected]

Copyright ©2021 Dow Jones & Corporate, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Seemed within the October 18, 2021, print version as ‘Beijing Clears Goldman To Personal Securities Unit.’

Source link


Please enter your comment!
Please enter your name here