男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

JP Morgan Chase aims to boost Chinese presence

Updated: 2011-11-16 10:51

By Li Xiang (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

 
JP Morgan Chase aims to boost Chinese presence
 

BEIJING - JP Morgan Chase & Co is planning to increase its investment in China and the US bank is actively seeking to tap business opportunities among the country's small and medium-sized enterprises (SME), said a senior executive of the bank.

"While some firms are selling their investments in China, JP Morgan is increasing its investment," James E. Staley, chief executive of JP Morgan Investment Bank, told China Daily in a recent interview.

With the European debt crisis causing sharp volatility, sluggish equity markets and a difficult environment for debt, major global investment banks have delivered weak performances in the third quarter. Many are now considering cutting staff numbers and scaling back expansion plans.

However, Staley said that JP Morgan has no plans to pull back expansion and will continue to invest in emerging markets such as China, Indonesia, Colombia, Russia, and Poland.

The focus of the bank's investment in the Chinese mainland will be the hiring of more staff for local businesses, Staley said, adding that the bank is satisfied with the operation of its joint-venture securities operation with the Shenzhen-based First Capital Securities Co Ltd.

Meanwhile, the bank has signed an agreement to invest in a joint-venture guarantee company providing financial services to SMEs, an initiative led by the National Development and Reform Commission (NDRC), China's top economic planner.

JP Morgan will invest $200 million in the venture and will own a 24.9 percent stake in the new operation. Other major investors include the Export-Import Bank of China, the Chinese steelmaker Baosteel Group Corp, HNA Capital Holding Co Ltd, and the German industrial giant Siemens AG.

"It is a very new venture for the bank and it is a significant investment that we are making, which underscores our commitment to being a partner with China," Staley said.

The new venture has capital of 5.1 billion yuan ($803.4 million), making it one of the biggest companies of its kind in China, according to a statement from the NDRC. The company will begin operations once it obtains all the required government approvals, according to a source close to the deal.

"This initiative will provide us with the opportunity to make an investment in a financial-guarantee company serving the SME sector in China, one of the key growth engines for the Chinese economy," said Zili Shao, chairman and CEO of JP Morgan China.

According to the NDRC statement, JP Morgan will provide technical assistance in areas such as development strategy, risk control and product innovation. The company will be run independently by professional managers recruited from the market, according to people close to the deal..

Commenting on the prospects for the fourth quarter, Staley said he expects the market situation to recover and an improvement in activity across the investment banking sector, given the high probability that US economic growth will begin to return to a more normalized level.

However, he noted that the risks in the eurozone and the European banking industry continue to be the biggest challenge facing the investment banking business in the foreseeable future.

Staley said that his bank has about $3 billion exposure to European sovereign debt, which he believes is "totally manageable".

 

 

主站蜘蛛池模板: 赫章县| 阿巴嘎旗| 广丰县| 商南县| 正蓝旗| 北流市| 河津市| 湘阴县| 长垣县| 四平市| 阳朔县| 营口市| 柯坪县| 阜宁县| 黔江区| 通道| 花莲市| 临海市| 墨竹工卡县| 深水埗区| 芦山县| 长兴县| 洪泽县| 桓仁| 剑川县| 夏津县| 大城县| 宁明县| 淮阳县| 巴彦淖尔市| 新龙县| 习水县| 永川市| 华安县| 宜宾市| 安远县| 武城县| 栾城县| 保亭| 浠水县| 九龙坡区| 孟村| 顺平县| 佛山市| 乌苏市| 仁布县| 台山市| 青铜峡市| 垣曲县| 北川| 呼图壁县| 阿坝县| 南陵县| 古交市| 梨树县| 江永县| 小金县| 桃园县| 彭山县| 嘉峪关市| 定边县| 苏尼特左旗| 迭部县| 抚远县| 灵宝市| 资兴市| 尉氏县| 玉环县| 修武县| 富锦市| 左权县| 乌拉特中旗| 广汉市| 朝阳区| 韶关市| 余姚市| 花垣县| 云浮市| 同心县| 砚山县| 景谷| 衡南县|