JPMorgan (JPM) Remains Positive About Growth Potential in China

JPMorgan’s (JPM) asset management business, J.P. Morgan Asset Management, will continue with its hiring plans in China as the Wall Street bank seeks growth in the world’s second-largest economy.Desiree Wang, chief executive officer of J.P. Morgan Asset Management China, stated, “China’s mutual fund industry remains an irreplaceable growth market for global asset managers. It offers a great certainty of growth.”J.P. Morgan Asset Management has been operating in China for almost 20 years now. Based in Shangha ...