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January 7, 2011

China OKs Morgan Stanley and JPMorgan Joint Ventures 
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Banking giants Morgan Stanley and JPMorgan Chase have won approval to
set up joint ventures in mainland China. The decision by Chinese
securities regulators will enable the two Wall Street banks to
underwrite stocks and bonds in one of the fastest-growing securities
markets in the world. The decision comes just ahead of Chinese President
Hu Jintao's visit to the United States on Jan. 18.



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