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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| JP Morgan Chase and Co | NYSE:JPM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 192.00 | 0 | 01:00:00 |
From May 2019 to May 2024
By Allison Prang and Stella Yifan Xie
J.P. Morgan Broking (Hong Kong) Ltd. has applied to seek a 51% stake in a joint-venture brokerage unit in China, said Gao Li, a spokeswoman for the China Securities Regulatory Commission, on Thursday.
The CSRC will review the application, the spokeswoman said.
China's securities regulator said earlier this week that Nomura Holdings Inc., a Japan-based financial services company, was also looking to establish a 51% stake in a joint venture. In addition, UBS Group AG has applied for a controlling stake in its existing joint venture.
In April, the country's securities regulator released guidelines permitting foreign companies to control 51% of local securities joint ventures.
In three years, they'll be able to fully control joint ventures.
Write to Allison Prang at allison.prang@wsj.com and Stella Yifan Xie at stella.xie@wsj.com
(END) Dow Jones Newswires
May 10, 2018 09:56 ET (13:56 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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