JPMORGAN CHASE (CHINA) OPENS FOR BUSINESS IN BEIJING
AsiaInfo Services, October, 2007
AsiaInfo Services 10-16-2007 JPMorgan Chase (China) Opens for Business in Beijing BEIJING, Oct 16, 2007 (SinoCast via COMTEX) -- JPMorgan Chase & Co. has opened its locally-incorporated JPMorgan Chase (China) for business in Beijing on October 11, 2007, and it has become the first foreign bank that has set up and put its local incorporation into operation in the Chinese capital. JPMorgan Chase will provide innovated commercial banking services as well as foreign exchange and risk management products in line with international professional standards for clients.
The company has no plan to launch retail business in the Chinese market, nevertheless, said Carl E. Walter, managing director of JPMorgan Chase (China). While expanding its traditional wholesale...
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