Investment Banking

JP Morgan in talks to sell stake in China investment banking JV

Investment bank owns 33.3% of the joint venture it set up in 2011 with First Capital Securities

JP Morgan in talks to sell stake in China investment banking JV
Photo: iStockPhoto

JP Morgan is in discussions to sell its stake in its Chinese onshore investment banking joint venture, according to a filing on October 20.

JP Morgan owns 33.3% of the investment banking joint venture it established in 2011 with First Capital Securities.

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