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- JamieBJamieB
  ·2021-05-25
  Please like my comment ?
  China Stocks Surge to Highest Since March on Consumer Rally
  (Bloomberg) -- A rally in consumer and financial shares has helped propel China’s stock benchmark to
  China Stocks Surge to Highest Since March on Consumer Rally
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- JamieBJamieB
  ·2021-05-25
  Not bad
  Is Johnson & Johnson a Buy for Summer 2021?
  This pharmaceutical giant and troubled coronavirus vaccine maker has lagged behind the overall market. Is it a decent contrarian play?
  Is Johnson & Johnson a Buy for Summer 2021?
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- JamieBJamieB
  ·2021-05-25
  Cool
  China approves Goldman Sachs, ICBC joint wealth management venture
  BEIJING (Reuters) -China's largest bank Industrial and Commercial Bank of China (ICBC) said on Tuesd
  China approves Goldman Sachs, ICBC joint wealth management venture
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The benchmark, which has been trading sideways in recent weeks, also broke through its 100-day moving average for the first time since March.</p>\n<p>Among the biggest gainers, liquor giant Kweichow Moutai Co. jumped 4.8% the day after Chinese media outlets reported that its parent company aimed to double revenue by 2025. A sub-gauge of consumer staples shares rose 3.5%, the most in two months, led by Luzhou Laojiao Co. with a gain of 5.6%.</p>\n<p>Tuesday’s breakout higher follows Beijing’s efforts to talk down commodity prices and impose more control over financial markets as the 100th anniversary of the Communist Party approaches. Authorities have had some success in slowing metals prices recently, helping ease investor fears about inflation.</p>\n<p>“The 100-year anniversary of the CCP is coming soon, so people are optimistic about policy direction,” said Shen Zhengyang, a strategist at Northeast Securities Co. “There are solid reasons to support such optimism. The market now believes the liquidity conditions will be maintained at a relatively ample level until the anniversary.”</p>\n<p>Financial stocks were also among the best performers, with a Bloomberg gauge of brokerage shares rising as much as 4.1%. The gains came as Shanghai announced plans to establish itself as an asset management hub. CSC Financial Co. rose by the daily 10% limit.</p>\n<p>“Sentiment has stabilized and some heavyweight stocks have corrected from their intra-year highs,” said Linus Yip, chief strategist with First Shanghai Securities. “It’s not surprising that some long-term institutional investors will buy them at current levels.”</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Stocks Surge to Highest Since March on Consumer Rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Stocks Surge to Highest Since March on Consumer Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 14:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-stocks-surge-highest-since-061155392.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A rally in consumer and financial shares has helped propel China’s stock benchmark toward its highest level in more than two months, amid signs of rising investor risk appetite and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-stocks-surge-highest-since-061155392.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-stocks-surge-highest-since-061155392.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180583346","content_text":"(Bloomberg) -- A rally in consumer and financial shares has helped propel China’s stock benchmark toward its highest level in more than two months, amid signs of rising investor risk appetite and easing inflation concerns.\nThe CSI 300 Index rose 3% to the highest level since March 3. The benchmark, which has been trading sideways in recent weeks, also broke through its 100-day moving average for the first time since March.\nAmong the biggest gainers, liquor giant Kweichow Moutai Co. jumped 4.8% the day after Chinese media outlets reported that its parent company aimed to double revenue by 2025. A sub-gauge of consumer staples shares rose 3.5%, the most in two months, led by Luzhou Laojiao Co. with a gain of 5.6%.\nTuesday’s breakout higher follows Beijing’s efforts to talk down commodity prices and impose more control over financial markets as the 100th anniversary of the Communist Party approaches. Authorities have had some success in slowing metals prices recently, helping ease investor fears about inflation.\n“The 100-year anniversary of the CCP is coming soon, so people are optimistic about policy direction,” said Shen Zhengyang, a strategist at Northeast Securities Co. “There are solid reasons to support such optimism. The market now believes the liquidity conditions will be maintained at a relatively ample level until the anniversary.”\nFinancial stocks were also among the best performers, with a Bloomberg gauge of brokerage shares rising as much as 4.1%. The gains came as Shanghai announced plans to establish itself as an asset management hub. CSC Financial Co. rose by the daily 10% limit.\n“Sentiment has stabilized and some heavyweight stocks have corrected from their intra-year highs,” said Linus Yip, chief strategist with First Shanghai Securities. “It’s not surprising that some long-term institutional investors will buy them at current levels.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138290041,"gmtCreate":1621940520983,"gmtModify":1704364791696,"author":{"id":"3585033050463499","authorId":"3585033050463499","name":"JamieB","avatar":"https://static.tigerbbs.com/dbff582b7a275a2c0262986b48d5cc0a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585033050463499","authorIdStr":"3585033050463499"},"themes":[],"htmlText":"Not bad","listText":"Not bad","text":"Not bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138290041","repostId":"2138716979","repostType":4,"repost":{"id":"2138716979","pubTimestamp":1621935000,"share":"https://ttm.financial/m/news/2138716979?lang=&edition=fundamental","pubTime":"2021-05-25 17:30","market":"us","language":"en","title":"Is Johnson & Johnson a Buy for Summer 2021?","url":"https://stock-news.laohu8.com/highlight/detail?id=2138716979","media":"Motley Fool","summary":"This pharmaceutical giant and troubled coronavirus vaccine maker has lagged behind the overall market. Is it a decent contrarian play?","content":"<p>Despite the economic turmoil of the past year, the <b>S&amp;P 500 </b>has delivered a magnificent 43% year-over-year rally. But those gains were far from uniform across all stocks, and indeed, many were left behind. One of these relative laggards was blue-chip pharmaceutical <b>Johnson &amp; Johnson&nbsp;</b>(NYSE:JNJ): Its stock has underperformed the index by more than 20 percentage points over the past 12 months.&nbsp;</p><p>That was a major disappointment for shareholders, many of whom were betting that a successful J&amp;J coronavirus vaccine would lift the company's shares. But is this pharma stock a buy today?&nbsp;</p><h2>What happened?&nbsp;</h2><p>Last year, Johnson &amp; Johnson (with $1 billion in federal support) developed a <a href=\"https://laohu8.com/S/AONE\">one</a>-dose coronavirus vaccine that was found to be 72% effective in clinical trials. It offered a couple of significant upsides compared to the mRNA vaccines that the FDA also approved for use: It has much less demanding cold-storage requirements, so it can be distributed in places that lack expensive cold-chain infrastructure. And its single-shot regimen gives it an advantage in terms of inoculating populations that are harder to reach.</p><p>However, the rollout of that vaccine, dubbed Ad26.CoV2.S, has been less than rosy. In fact, Johnson &amp; Johnson's vaccine now represents as little as 5% of overall vaccine volume in states like California.</p><p>Public image problems have plagued Ad26.CoV2.S since its release. First, people noticed that its distribution footprint correlated with communities in the poorest zip codes and rural areas. This related to the fact that it could be sent easily to places that the other vaccines could not be, but the disparity nonetheless led to baseless conspiracy theories alleging that the distribution strategy was racist in nature, as Ad26.CoV2.S had a somewhat lower efficacy rate than the <b>Pfizer </b>and&nbsp;<b>Moderna</b> vaccines.&nbsp;</p><p>Then, the U.S. Food and Drug Administration uncovered that the company's contract manufacturer, <b>Emergent Biosciences </b>(NYSE:EBS), was unqualified to produce vaccines at its Baltimore plant. Among many other issues, Emergent Biosciences employees tainted as many as 15 million doses of Johnson &amp; Johnson's vaccine with ingredients meant for <b>AstraZeneca</b>'s coronavirus vaccine.&nbsp;</p><p>AstraZeneca then had to relocate the production of its vaccine abroad to the Netherlands. On top of that, 28 people developed serious blood clots after receiving Ad26.CoV2.S. That's an extremely rare result considering that 8.7 million people had been given the vaccine. Even so, it contributed to a widespread perception that Johnson &amp; Johnson's vaccine is inferior, so people are largely choosing the mRNA shots instead when they can, even if it means a longer wait to get their jabs.</p><h2>Looking past the vaccine drama&nbsp;</h2><p>Investing in Johnson &amp; Johnson stock should never have been about speculating on its COVID-19 vaccine potential in the first place. Last year, it committed to selling Ad26.CoV2.S on a not-for-profit basis for the duration of the pandemic.</p><p>Meanwhile, during the first quarter, the pharma giant's revenue increased by 7.9% year over year to $22.3 billion. At the same time, its earnings per share improved 6.9% to $2.32. That growth is particularly impressive as Johnson &amp; Johnson is already a mega-corporation.</p><p>There was notable growth in sales worldwide across its pharmaceuticals and medical devices segments, though it was held back a bit by a small decline in its consumer health segment, where sales fell for certain supplies that had been in high demand early in the pandemic.&nbsp;</p><p>A key driver behind Johnson &amp; Johnson's long-term growth is its commitment to research and development. Over $2.3 billion of the company's sales are reinvested back into innovating new drugs. It has 10 drug approval requests pending in indications ranging from multiple myeloma to pulmonary arterial hypertension to schizophrenia. Johnson &amp; Johnson has a further five candidates awaiting submission to regulators, and four treatments in phase 3 clinical trials that have data readouts due by the end of the year.</p><h2>What's the verdict?&nbsp;</h2><p>Right now, the average pharma stock trades at about 5 times sales and 123 times earnings, and most companies in the space don't pay a dividend. Meanwhile, Johnson &amp; Johnson stock has a valuation of 4.8 times revenue, but only 18 times earnings. Its dividend yield is also decent at 2.37%, noticeably better than the 1.4% average yield of the S&amp;P 500.</p><p>Overall, given the strength of its core operations, its great R&amp;D pipeline, and its cheap valuation, Johnson &amp; Johnson is a solid stock to buy now. Investors should consider that its shares have significant untapped value, regardless of whether it ultimately sees financial success from its coronavirus vaccine program.&nbsp;</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Johnson & Johnson a Buy for Summer 2021?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Johnson & Johnson a Buy for Summer 2021?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 17:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/25/is-johnson-johnson-a-buy-for-summer-2021/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite the economic turmoil of the past year, the S&P 500 has delivered a magnificent 43% year-over-year rally. But those gains were far from uniform across all stocks, and indeed, many were left ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/25/is-johnson-johnson-a-buy-for-summer-2021/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JNJ":"强生"},"source_url":"https://www.fool.com/investing/2021/05/25/is-johnson-johnson-a-buy-for-summer-2021/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138716979","content_text":"Despite the economic turmoil of the past year, the S&P 500 has delivered a magnificent 43% year-over-year rally. But those gains were far from uniform across all stocks, and indeed, many were left behind. One of these relative laggards was blue-chip pharmaceutical Johnson & Johnson (NYSE:JNJ): Its stock has underperformed the index by more than 20 percentage points over the past 12 months. That was a major disappointment for shareholders, many of whom were betting that a successful J&J coronavirus vaccine would lift the company's shares. But is this pharma stock a buy today? What happened? Last year, Johnson & Johnson (with $1 billion in federal support) developed a one-dose coronavirus vaccine that was found to be 72% effective in clinical trials. It offered a couple of significant upsides compared to the mRNA vaccines that the FDA also approved for use: It has much less demanding cold-storage requirements, so it can be distributed in places that lack expensive cold-chain infrastructure. And its single-shot regimen gives it an advantage in terms of inoculating populations that are harder to reach.However, the rollout of that vaccine, dubbed Ad26.CoV2.S, has been less than rosy. In fact, Johnson & Johnson's vaccine now represents as little as 5% of overall vaccine volume in states like California.Public image problems have plagued Ad26.CoV2.S since its release. First, people noticed that its distribution footprint correlated with communities in the poorest zip codes and rural areas. This related to the fact that it could be sent easily to places that the other vaccines could not be, but the disparity nonetheless led to baseless conspiracy theories alleging that the distribution strategy was racist in nature, as Ad26.CoV2.S had a somewhat lower efficacy rate than the Pfizer and Moderna vaccines. Then, the U.S. Food and Drug Administration uncovered that the company's contract manufacturer, Emergent Biosciences (NYSE:EBS), was unqualified to produce vaccines at its Baltimore plant. Among many other issues, Emergent Biosciences employees tainted as many as 15 million doses of Johnson & Johnson's vaccine with ingredients meant for AstraZeneca's coronavirus vaccine. AstraZeneca then had to relocate the production of its vaccine abroad to the Netherlands. On top of that, 28 people developed serious blood clots after receiving Ad26.CoV2.S. That's an extremely rare result considering that 8.7 million people had been given the vaccine. Even so, it contributed to a widespread perception that Johnson & Johnson's vaccine is inferior, so people are largely choosing the mRNA shots instead when they can, even if it means a longer wait to get their jabs.Looking past the vaccine drama Investing in Johnson & Johnson stock should never have been about speculating on its COVID-19 vaccine potential in the first place. Last year, it committed to selling Ad26.CoV2.S on a not-for-profit basis for the duration of the pandemic.Meanwhile, during the first quarter, the pharma giant's revenue increased by 7.9% year over year to $22.3 billion. At the same time, its earnings per share improved 6.9% to $2.32. That growth is particularly impressive as Johnson & Johnson is already a mega-corporation.There was notable growth in sales worldwide across its pharmaceuticals and medical devices segments, though it was held back a bit by a small decline in its consumer health segment, where sales fell for certain supplies that had been in high demand early in the pandemic. A key driver behind Johnson & Johnson's long-term growth is its commitment to research and development. Over $2.3 billion of the company's sales are reinvested back into innovating new drugs. It has 10 drug approval requests pending in indications ranging from multiple myeloma to pulmonary arterial hypertension to schizophrenia. Johnson & Johnson has a further five candidates awaiting submission to regulators, and four treatments in phase 3 clinical trials that have data readouts due by the end of the year.What's the verdict? Right now, the average pharma stock trades at about 5 times sales and 123 times earnings, and most companies in the space don't pay a dividend. Meanwhile, Johnson & Johnson stock has a valuation of 4.8 times revenue, but only 18 times earnings. Its dividend yield is also decent at 2.37%, noticeably better than the 1.4% average yield of the S&P 500.Overall, given the strength of its core operations, its great R&D pipeline, and its cheap valuation, Johnson & Johnson is a solid stock to buy now. Investors should consider that its shares have significant untapped value, regardless of whether it ultimately sees financial success from its coronavirus vaccine program.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138204952,"gmtCreate":1621940423476,"gmtModify":1704364788253,"author":{"id":"3585033050463499","authorId":"3585033050463499","name":"JamieB","avatar":"https://static.tigerbbs.com/dbff582b7a275a2c0262986b48d5cc0a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585033050463499","authorIdStr":"3585033050463499"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138204952","repostId":"2138776169","repostType":4,"repost":{"id":"2138776169","pubTimestamp":1621935660,"share":"https://ttm.financial/m/news/2138776169?lang=&edition=fundamental","pubTime":"2021-05-25 17:41","market":"hk","language":"en","title":"China approves Goldman Sachs, ICBC joint wealth management venture","url":"https://stock-news.laohu8.com/highlight/detail?id=2138776169","media":"StreetInsider","summary":"BEIJING (Reuters) -China's largest bank Industrial and Commercial Bank of China (ICBC) said on Tuesd","content":"<p>BEIJING (Reuters) -China's largest bank Industrial and Commercial Bank of China (ICBC) said on Tuesday its unit had received approval to set up a foreign-controlled wealth management firm with Goldman Sachs Asset Management.</p><p>The unit of U.S. banking giant Goldman Sachs Group Inc will offer a 51% funding contribution ratio, while the wealth management unit of ICBC will offer 49%, the Chinese bank said in a exchange filing.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina approves Goldman Sachs, ICBC joint wealth management venture\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 17:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18468116><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) -China's largest bank Industrial and Commercial Bank of China (ICBC) said on Tuesday its unit had received approval to set up a foreign-controlled wealth management firm with Goldman...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18468116\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03143":"华夏香港银行股","01398":"工商银行","GS":"高盛"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18468116","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138776169","content_text":"BEIJING (Reuters) -China's largest bank Industrial and Commercial Bank of China (ICBC) said on Tuesday its unit had received approval to set up a foreign-controlled wealth management firm with Goldman Sachs Asset Management.The unit of U.S. banking giant Goldman Sachs Group Inc will offer a 51% funding contribution ratio, while the wealth management unit of ICBC will offer 49%, the Chinese bank said in a exchange filing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}