Goldman enters China futures markets

The bank enters the country's futures market after its securities brokerage business weakens.

Goldman enters China futures markets
Goldman is the second foreign bank to enter China’s futures market

Goldman Sachs, one of the first foreign investment banks to set up in China, has entered the country’s futures market after a slow year for its securities brokerage business.

Beijing Gao Hua Securities, Goldman’s China operation, said last night that it had bought a Shenzhen-based futures brokerage company, Qian Kun Futures.

The bank didn’t disclose the size of the transaction, but the deal “marks a continued expansion of Gao Hua’s...

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