Goldman Sachs Gets Regulatory Approval for Fund Sales in China

The Goldman Sachs Group, Inc. (GS) has obtained regulatory approvals from the Beijing Bureau of China Securities Regulatory Commission to sell funds in China. This was first reported by Reuters.The license was granted to GS’s China securities brokerage unit. This marks a significant step for the U.S. investment bank in the China market.With this, Goldman Sachs has become the latest U.S. investment bank to get a financial license, which is a sign of Beijing's commitment to continue opening the sector to fore ...