China okays Goldman Sachs, ICBC joint wealth management venture

China okays Goldman Sachs, ICBC joint wealth management venture

REUTERS/Lucas Jackson/File Photo

China‘s largest bank Industrial and Commercial Bank of China (ICBC) said on Tuesday its unit had received approval to set up a foreign-controlled wealth management firm with Goldman Sachs Asset Management.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter