sachs: The new unit listed Goldman Sachs Investments Holdings Asia II Pte as the sole stakeholder, according to Global Times China. Based in the China Shanghai Pilot Free Trade Zone, the new company will conduct investment activities in areas permitted by the country, the notice said. Goldman Sachs' new China unit was officially approved on June 28 and has registered capital of 500 million, according to a notice on China's National Enterprise Credit Information Publicity System. That would include arranging finance for companies that it has made investments in, offering consultancy for investors and providing associated companies with market information and investment strategies. It is a significant move by the US investment bank. Goldman Sachs is sensing the enormous potential in China because of the continued opening-up measures and moving swiftly to lay the groundwork for future opportunities, said Li Daxiao, chief economist at Shenzhen-based Yingda Securities.
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