With information from the APP of Zhitong Finance, Rita Chan, co-head of JPMorgan Chase in China, said that with the global tariff system driving investment portfolio shifts and pushing Chinese enterprises to expand overseas, the company has seen broad recovery in China, and the interest of foreign investors seeking diversified investments is also growing. Rita Chan said in an interview: "The developments of the past 12 months are certainly encouraging. We see a broad recovery in liquidity on a scale."

In the past few years, JPMorgan Chase has adjusted its leadership and downsized its businesses in mainland China and Hong Kong. The company admitted that the expansion took longer than expected, although CEO Jamie Dimon said he would still honor the commitment. Now, with the increase in stock sales in Hong Kong and mainland China, there are signs that the business is improving. After Beijing and Washington reached a 90-day suspension agreement on some of the highest tariffs, the market also rebounded.

She said that JPMorgan Chase saw "very good momentum," and the trend of domestic Chinese enterprises going overseas and internationalizing has not changed. The need for cross-border services required to cope with such complex environments is certainly increasing. JPMorgan Chase has invested substantial resources in expanding its business in China and is the only Wall Street bank to have full control of its futures, securities, and asset management businesses within three years.

The bank is also optimistic about other parts of Asia. Sjoerd Leenart, CEO of JPMorgan Chase Asia-Pacific, said in an interview that growth in this region is expected to far exceed the global average, with "great opportunities" in Japan. Leenart said that in India, "the current leadership makes investors believe that they will continue to follow the same path." Nevertheless, due to the country's economic size being far smaller than China's, "there is still a long way to go." Net income from JPMorgan Chase's Asia-Pacific operations last year was $12 billion, up 13% from 2023.

Original article: https://www.toutiao.com/article/7507117893641978395/

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