JPMorgan ensures additional funding to the China bank entity

Note: This section contains information in English only.
Source: Marketwatch
With supplementary RMB 2.5B (USD 395M), the overall injected funds by JPMorgan total at CNY6.5 billion in three years. JPMorgan China's chairman and CEO Zili Shao stated that the be investment will be utilized for new product development, hiring new personnel, boosting lending possibilities as well as ensuring a wider network for the subsidiary. Consequently, this should allow the bank to secure its responsibility towards the clients as well as settle itself in the developing legislative environment. The financial injection reinforced the bank's position becoming the biggest foreign bank in the Asian region.
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