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Goldman's China JV gets regulatory nod for alternative investment business

Goldman Sachs' China securities venture obtained approval from the Chinese securities watchdog on Wednesday to conduct alternative investment business via a subsidiary.

Goldman's China JV gets regulatory nod for alternative investment business

FILE PHOTO: The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermid

BEIJING: Goldman Sachs' China securities venture obtained approval from the Chinese securities watchdog on Wednesday to conduct alternative investment business via a subsidiary.

The China Securities Regulatory Commission said Goldman Sachs Gao Hua Securities Co should strengthen its risk control over its subsidiary and prevent a conflict of interest, according to a statement on its website.

(Reporting by Beijing Newsroom, Editing by Louise Heavens)

Source: Reuters

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