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Business trends

Pimco joins global rush into China's financial market

Relaxed foreign ownership rules attract JPMorgan, Nomura and UBS

Bond-focused investment firm Pimco had $1.77 trillion under management at the end of March.   © Reuters

TOKYO -- U.S. bond manager Pimco will soon put down roots in China, following the likes of JPMorgan Chase and Nomura Holdings as the world's second-largest economy removes barriers to international financial groups.

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