Goldman Sachs ICBC Wealth Management can now offer wealth management products to domestic Chinese clients.
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Goldman Sachs ICBC Wealth Management can now offer wealth management products to domestic Chinese clients.
Bank of China and Everbright Bank were charged for violations in their wealth management units.
China Banking and Insurance Regulatory Commission (CBIRC) granted approval for the asset manager’s joint venture.
The partnership is the third Sino-foreign joint venture wealth management company approved to start business.
Part of the Mark Allen Group.