Source:
http://article.wn.com/view/2011/01/14/JPMorgan_JV_Approval_in_China_Positions_Stock_for_Upside/
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Friday, January 14, 2011
JPMorgan: JV Approval in China Positions Stock for Upside
JPMorgan recently received approval from Chinese regulators for a joint venture that will allow it to underwrite stocks and bonds in mainland China. JPMorgan could previously underwrite deals in Hong Kong, but the approval now allows access to mainland China where some of its competitors like UBS(UBS) and Goldman Sachs already offer clients the opportunity to raise capital. JPMorgan will have a 33% stake in the...
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