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Currently, banks are required to collaborate with Chinese companies for operating.

China Considers Granting Wider Access to US Investment Banks

S. Rina   | Nov 08, 2016 07:11 AM EST

China is looking to open up its financial sector to foreign banks. It is believed that Chinese government may allow US investment banks to run their branches in the country independently. Currently, banks are required to collaborate with Chinese companies for operating.

A financial professional stands in the Goldman Sachs booth on the floor of the New York Stock Exchange April 27, 2010 in New York, New York.

Goldman Sachs to Cut Workforce in Asia by 30%: Reports

Charissa Echavez   | Sep 26, 2016 07:30 AM EDT

Goldman Sachs is going to axe up nearly 30 percent of its 300 investment banking teams in Asia outside of Japan, sources familiar with the matter told Reuters.

China-led AIIB Officialy Established

17 Countries Approve Establishment of China-Led AIIB

Mars Woo   | Dec 26, 2015 04:15 AM EST

A total of 17 countries have stamped their seal of approval on Friday for the official establishment of the Asian Infrastructure Investment Bank (AIIB), a China-led initiative that seeks to further provide infrastructure funding in the Asian region.

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