Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
Swiss private banking firm Julius Baer Group Ltd. and China's Sina Corporation have agreed to invest US$22.9 million in total in Shanghai-based wealth management firm Jupai Holdings Ltd., according to an announcement. Subsidiaries of Julius Baer and Sina will each subscribe to 9.59 million and 2.88 million ordinary shares of Jupai at US$1.83 per share, […]