In the News: JPMorgan Securities Approval; Fidelity Mutual Fund; and SEC Board Diversity

August 10, 2021 | BY

Vincent Chow

JPMorgan becomes first fully foreign-owned securities venture in China; Fidelity approved to set up new fully-owned mutual fund business; and SEC approves new board diversity quota and disclosure requirements

JPMorgan approved to become first fully foreign-owned securities venture

JPMorgan Chase & Co. has become the first foreign firm to fully own a securities venture in China. On August 6, the U.S. investment bank announced that the China Securities Regulatory Commission (CSRC) had approved its 100% takeover of J.P. Morgan Securities (China) Co.

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