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China Approves ICBC-Goldman JV to Start Offering Wealth Services

Jumat, 24 Juni 2022 | 19:57 WIB
China Approves ICBC-Goldman JV to Start Offering Wealth Services

ILUSTRASI. ICBC's wealth management joint venture with Goldman Sachs had received banking regulator's approval to begin operations. REUTERS/Kim Kyung-Hoon

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - Industrial and Commercial Bank of China  (ICBC) said on Friday its wealth management joint venture with Goldman Sachs Group Inc had received the country's banking regulator's approval to begin operations.

The China Banking and Insurance Regulatory Commission's (CBIRC) nod comes as the world's second-largest economy opens up its giant financial sector to investments from foreign players, allowing them to collaborate with domestic banks.

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