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Thank you for reading the news about China In-Focus — China approves ICBC-Goldman JV; New rules to regulate private pension investment via mutual funds and now with the details Jeddah - Yasmine El Tohamy - RIYADH: Industrial and Commercial Bank of China, also known as 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 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...
