J.P. Morgan CEO Mark Leung says investment opportunities in China

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J.P. Morgan CEO Mark Leung says investment opportunities in China

The offices of investment banking company J.P. Morgan are seen in London, England on September 02, 2020. Mark Leung, chief executive of J.P. Morgan China, said at an online summit that DANIEL LEAL AFP SHANGHAI is upbeat about investment opportunities in China.

China is now the second largest manufacturing and trading partner in the world, and is the second-largest economy in the world. Leung said at the J.P. Morgan Global China Summit 2022 that this provides huge opportunities for financial institutions that can support multinational companies operating in China and help Chinese companies going overseas.

He said that J.P. Morgan's steady and accelerating development in China benefits from the nation's financial opening-up.

Amid China's capital market opening-up, J.P. Morgan operates businesses, including investment and corporate banking, securities services, commercial banking, and asset management, according to Leung.

The two branches of the company, J.P. Morgan Securities China Company Limited and J.P. Morgan Futures Company Limited, are the first foreign fully owned securities and futures ventures in China.

Leung said that full control of futures businesses helps domestic and global customers deal with the clearance of commodities and securities contracts at China's futures exchanges.

J.P. Morgan's business scope has been expanded by providing services for medium-sized Chinese enterprises, helping them enter international markets.

With more licenses, J.P. Morgan will introduce more cross-border products and platforms to China and develop more localized services and support for clients, according to Leung.

J.P. Morgan celebrated a century in China last year. Leung said we are very focused on making sure we are well-positioned to embrace our next century in this country.