Goldman quietly prepares for equity control of its business in China

Goldman quietly prepares for equity control of its business in China

FILE PHOTO: A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange, New York, U.S. on April 16, 2012. REUTERS/Brendan McDermid/File Photo

As China gets ready to allow foreign banks to take majority stakes in local securities joint ventures, Goldman Sachs Group Inc. has been quietly laying the groundwork for an onshore business in which it will have equity control.

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