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ICBC, Goldman Sachs to set up joint venture on wealth management--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
China approves Goldman Sachs, ICBC joint wealth management venture Toggle share menu Advertisement China approves Goldman Sachs, ICBC joint wealth management venture FILE PHOTO: The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing, China April 1, 2019. REUTERS/Florence Lo 25 May 2021 06:05PM (Updated: 25 May 2021 06:07PM) Share this content Bookmark BEIJING: China s largest bank Industrial and Commercial Bank of China (ICBC) said on Tuesday (May 25) its unit had received approval to set up a foreign-controlled wealth management firm with Goldman Sachs Asset Management. The unit of US banking giant Goldman Sachs will offer a 51 per cent funding contribution ratio, while the wealth management unit of ICBC will offer 49 per cent, the Chinese bank said in a exchange filing. ....
May 24, 2021 - 7:00 AM Car crashes were down significantly in 2020 versus 2019 in the Southern Interior but when there were collisions they tended to be more deadly. New data release Thursday, May 20, by ICBC shows the total number of collisions in the Southern Interior dropped to 35,000 from 41,000 in 2019. The number of crashes has been dropping steadily since 46,000 were recorded in 2017. After COVID-19 hit last year, there were times where there was virtually no traffic on the roads and many people continue to work from home. There were 17 fatalities at Southern Interior intersections last year, the highest during the five year period shown in the stats. There were 15 in 2019 and 2016 but only nine in 2018. ....