December 31, 2019 / 4:32 AM / 19 days ago

JP Morgan attempts full control of China Futures JV -Bloomberg

Dec 30 (Reuters) - JP Morgan Chase & Co is seeking 100% ownership of its futures joint venture in China, Bloomberg reported on Monday, citing a person familiar with the matter.

The bank is planning to increase its current 49% stake in J.P.Morgan Futures Co, the report bloom.bg/2ZDpEyT added, citing the person.

JP Morgan was not immediately available for a request seeking comment.

Reporting by Mekhla Raina in Bengaluru; Editing by Rashmi Aich

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