GOLDMAN SACHS GRANTED LICENCE FOR CHINA FUND SALES

Goldman Sachs received regulatory approval to sell funds in China, the latest U.S. investment bank to get a financial licence in a sign of Beijing's commitment to continue opening up the sector to foreign companies.

The Beijing Bureau of China Securities Regulatory Commission (CSRC) granted a fund sales licence to the U.S. bank's Chinese securities brokerage unit on Friday.

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