HONG KONG—Beijing is considering allowing Wall Street banks to run their own investment-banking businesses on the mainland, according to people briefed on the discussions, a significant step that would give them more access to Chinese domestic markets that have been hard to crack. The long-awaited move, which is being discussed as part of a new U.S.-China trade and investment framework, would mean companies like Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. could conduct investment-banking business in China on...

Source: Wall Street Journal November 06, 2016 19:19 UTC