Wall Street loves China more than ever

Despite political tensions and Beijing’s regulatory crackdowns last year, banks and money managers desperately want to compete in China.⁣
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Some U.S. politicians have been calling for companies to back away from China, over concerns about national security and human rights. But JPMorgan, Morgan Stanley, Goldman, and Citigroup are instead deepening their ties with the country.⁣
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Of course, moving further into China’s domestic market is fraught with risk.