JPMorgan takes full control of Chinese MF JV, to buy out local partner

JPMorgan takes full control of Chinese MF JV, to buy out local partner

REUTERS/Mike Segar

JPMorgan Chase & Co. agreed to buy out its local partner to get full control of a Chinese mutual fund joint venture, taking advantage of the latest move by Beijing to open up the nation’s asset management and securities businesses to foreign firms.

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