The Wall Street Journal: Goldman Sachs seeks full control of its China securities joint venture

Goldman Sachs Group Inc. is moving to acquire 100% ownership of its securities joint venture in China, deepening its investment in the world’s second-largest economy 17 years after setting up shop with a domestic partner.

The New York-based investment bank is applying with Chinese regulators to take full control of Goldman Sachs Gao Hua and has signed an agreement to acquire the 49% share of the venture it doesn’t now own, according to an internal memo seen by The Wall Street Journal.

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December 08, 2020 at 06:01PM

http://www.marketwatch.com/news/story.asp?guid=21005575-02D4-D4B5-4572-D1684B6BEBBB&siteid=rss&rss=1