Factbox: Foreign Investment Banks With Majority Stakes in China Units
Factbox: Foreign Investment Banks With Majority Stakes in China Units 1HONG KONG (Reuters) – The world’s biggest investment banks will be able to wholly own their China securities businesses from April 1 as the U.S.- China Phase 1 trade deal accelerates a previous deadline for removing foreign ownership caps by nine months. International bankers believe a full ownership, or at least a majority control, would allow …
News story posted on 2020-01-16T07:30:00.0000000Z