Goldman Sachs Industrial Bank Financial has been allowed to open aiming for quantitative investment and cross -border financial management

Economic Observation Network reporter Liu Peng, June 24, 2022, Goldman Sachs announced that its joint venture wealth management company jointly established by ICBC Company, the ICBC Company of the ICBC, has received China The approval of the bank insurance supervision and management committee is allowed to open.

At present, Goldman Sachs Industrial Bank Financial Co., Ltd. (hereinafter referred to as "Gao Sheng Industrial Bank Financial") is ready. After the official exhibition industry, it will develop and launch a series of comprehensive wealth management products in the Chinese market, including but not limited to quantitative investment strategies, cross -crossing Links wealth management products and alternative innovation solutions.

"Goldman Sachs and Industrial and Commercial Bank of China will jointly build a leading wealth management business platform in China's domestic market. With the rapid development of professionalism. Under the open historic opportunity, we will give full play to the comprehensive investment and risk management expertise of Goldman Sachs Group to create a solution that matches the demand for financial investment for local investors. "

Goldman Sachs Industrial Bank's financial management place is in Shanghai, with a registered capital of 1 billion yuan. The joint venture company holds 51%and 49%of the Financial Management of Goldman Sachs Asset Management (L.P.).

As the main investment business department of Goldman Sachs, Goldman Sachs Asset Management provides investment and consulting services to leading institutions, financial advisors and individuals in major regions and markets around the world. As of December 31, 2021, Goldman Sachs Asset Management Global Management assets were about $ 2.8 trillion.

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