J.P. MORGAN CHASE OBTAINS FOREIGN EXCHANGE OPERATION LICENSE

AsiaInfo Services, November, 2002

AsiaInfo Services 11-18-2002 J.P. Morgan Chase Obtains Foreign Exchange Operation License BEIJING, Nov 18, 2002 (SinoCast via COMTEX) -- J.P. Morgan Chase Bank announces on November 13 that it has obtained foreign exchange operation license awarded by People's Bank of China. With the license, it can operate foreign exchange services to China inland companies and provide Renminbi services to foreign-funded companies in China. With the license, J.P.

Morgan Chase Bank can also expend its services to venture management, and further enlarge its service scope in China and enhance business of its investment bank and corporate bank. From Source: International Finance News page 5, Friday, November 15, 2002 info@SinoCast.Com KEYWORD: BEIJING...

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