Reportedly, JPMorgan Chase & Co (JPM) has acquired Chinese regulatory approval to expand operations in the country as China encourages expansion by foreign companies after lifting its restrictive COVID-19 policies. China is eagerly speeding up the process of granting permission to foreign institutions in order to boost the confidence of overseas investors as the economy is reviving from the pandemic. The China Securities Regulatory Commission informed that the bank’s asset management unit will take full ownership of China International Fund Management Co. (CIFM) with 49% stake The approval came more than two years after the U.S. bank had applied to buy out CIFM, in 2020.
China International Fund Management Co. (CIFM) informed that JPMorgan would be operating under the JPMorgan Asset Management (JPMAM) brand and its China private fund unit would also be integrated into JPMAM China consolidating onshore operations.
JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking. To learn more about JPMorgan Chase & Co. (JPM) and to continue to track its progress please visit the Vista Partners JPMorgan Chase & Co. Coverage Page.
DID YOU KNOW?
Fertility rates have hit a record low in the United States. The latest US government fertility statistics come from 2019, and they estimate there were 58.2 births year per 1,000 women of childbearing age (defined by the CDC as women between ages 15 and 44).
If you have ever struggled with infertility issues, or know someone who has, you are probably well aware of how demoralizing it can be. Imagine for a moment spending thousands of dollars and months of intensive medical procedure only to end up empty handed, exhausted, sad, and defeated because after all of that time, work, and money, you still don’t have a baby. That’s an incredibly difficult situation, and it’s becoming more common each passing year. Likewise, the need for more effective, less invasive infertility treatment options is increasing with each passing year. This is the sole focus of medtech company INVO Bioscience (NASDAQ: INVO). Learn more by reading the following story that we published recently.
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