Belt and Road Creates New Strategic Opportunity for Foreign-Funded Banks in China

Xu Yanyan / Yicai

2017-05-12

(Yicai Global) May 12 -- China is one of the most important strategic market of JPMorgan Chase & Co, and the Belt and Road Initiative provides a new strategic opportunity for the multinational financial services company to promote and implement development objectives in China, said David Li, chairman of JPMorgan Chase China in an interview with Yicai Global.

Jamie Dimon, president and CEO of JPMorgan Chase highlighted the importance of the Chinese market in a worldwide meeting of the company, Li said. Developing from scratch, the progress and achievements of the Belt and Road Initiative is beyond expectation, he pointed out, underlining that JPMorgan Chase China sees endless opportunities during that process.

“To further promote the Belt and Road layout and implement investment cooperation projects, a versatile financial service with high quality is absolutely necessary. This happens to be the natural advantage of JPMorgan Chase,” Li told Yicai Global. The number of employees of JPMorgan Chase working in regions along the “Belt and Road” amounts to nearly 70,000. They have professional knowledge of local laws, culture, economic policies and supervisory systems and can better provide support for development of Chinese enterprises in the Belt and Road territories, he added.

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