Goldman's China JV gets regulatory nod for alternative investment business

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Goldman Sachs' China securities venture obtained approval from the Chinese securities watchdog on Wednesday to conduct alternative investment ...

Goldman Sachs' China securities venture obtained approval from the Chinese securities watchdog on Wednesday to conduct alternative investment business via a subsidiary.

FILE PHOTO: The Goldman Sachs company logo is on the floor of the New York Stock Exchange in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermidBEIJING: Goldman Sachs' China securities venture obtained approval from the Chinese securities watchdog on Wednesday to conduct alternative investment business via a subsidiary.

The China Securities Regulatory Commission said Goldman Sachs Gao Hua Securities Co should strengthen its risk control over its subsidiary and prevent a conflict of interest, according to a statement on its website.

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