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The second wholly foreign-owned securities company came, and Goldman Sachs completed the supervision filing of Goldman Sachs Gaohua's sole shareholder

author:The Paper

The Paper's reporter Sun Mingwei

A second wholly foreign-owned brokerage came.

On October 18, international investment bank Goldman Sachs announced that the China Securities Regulatory Commission (CSRC) has approved the filing of Goldman Sachs as the sole shareholder of its Chinese joint venture Goldman Sachs Goldman Sachs Goldman Securities Co., Ltd. ("Goldman Sachs Goldman Gaohua"). Goldman Sachs will acquire a stake in Goldman Sachs Gaohua, which it does not currently own.

Goldman Sachs said that acquiring a full stake in Goldman Sachs Gaohua will provide a better positioning for Goldman Sachs' long-term development and success in China. The business unit operated by Beijing Gaohua Securities Co., Ltd. ("Beijing Gaohua") is now moving to Goldman Sachs Gaohua, and once this process is complete, Goldman Sachs Gaohua will be renamed Goldman Sachs (China) Securities Co., Ltd.

On March 27, 2020, Goldman Sachs announced that it had been approved by the China Securities Regulatory Commission to increase its stake in Goldman Sachs Gaohua from 33% to 51%.

On December 8, 2020, it was reported that Goldman Sachs had reached an agreement to acquire 100% of its joint venture in China, Goldman Sachs Gaohua Securities Co., Ltd. (hereinafter referred to as "Goldman Sachs Gaohua"). A Goldman Sachs spokesperson confirmed the news to the surging news reporter.

Founded in 2004, Goldman Sachs Is a joint venture between Goldman Sachs and Beijing Gaohua, which was established in the same year.

According to the official website of the Csrc, the shareholder change application submitted by Goldman Sachs Gaohua was accepted on August 19, 2019, accepted on November 1, 2019, and received the first feedback on January 20, 2020.

Goldman Sachs Goldman Is the second wholly foreign-owned securities firm in China, after JPMorgan Chase's shareholder change has been approved by the CSRC for the record.

On the evening of August 6, J.P. Morgan announced that the China Securities Regulatory Commission (CSRC) had approved the filing of the matter of J.P. Morgan Chase & Co. Co., Ltd.'s controlling shareholder, J.P. Morgan Chase & Co. Co., Ltd., which had acquired the shares held by five domestic shareholders and become the sole shareholder of J.P. Morgan Chase & Co. (China).

Editor-in-Charge: It's Winter

Proofreader: Yan Zhang

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