Goldman Sachs to buy out partner in China securities JV

Goldman Sachs to buy out partner in China securities JV

A Goldman Sachs sign is seen over the company's trading stall on the floor at the New York Stock Exchange, March 21, 2013. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS LOGO) - RTR3FARK

U.S. investment bank Goldman Sachs Group Inc. is planning to take full ownership of its Chinese securities joint venture and has appointed a new chair to lead the company, sources with knowledge of the matter told Caixin, the latest foreign financial institution to take advantage of China’s market opening policies.