Goldman Sachs Moves to Full Ownership of China Securities JV

The logo of Goldman Sachs is displayed in their office in Sydney, Australia on May 18, 2016. David Gray/Reuters

Goldman Sachs said on Sunday it received approval from China’s securities regulator to take full control of its mainland securities business.

The U.S. bank said it would buy the remainder of Goldman Sachs Gao Hua Securities Company Ltd. (GSGH), and rename it as Goldman Sachs (China) Securities Company Ltd.