In the News: JPMorgan Mutual Fund Buyout; Luckin Coffee's Phony Sales; and US Tech Export Restrictions

JPMorgan set for full control of asset management business with minority partner buyout; Luckin Coffee reveals financial fraud amid growing concern over Chinese listings; and the U.S. set to ramp up tech export restrictions for China, report says.

5 minute readApril 06, 2020 at 05:34 AM

Vincent Chow

In the News: JPMorgan Mutual Fund Buyout; Luckin Coffee's Phony Sales; and US Tech Export Restrictions

JPMorgan agrees mutual fund buyout following foreign ownership limit removal

JPMorgan is set to become the first foreign firm to take full ownership of a local asset management business in China, pending regulatory approval by the China Securities Regulatory Commission (CSRC).

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