JPMorgan Started Negotiations For a Partnership With the Chinese Bank

JPMorgan Started Negotiations For a Partnership With the Chinese Bank JPMorgan started negotiations for a partnership with the Chinese bank. JPMorgan announced that it is in partnership talks with China Merchants Bank. US investment bank JPMorgan has rolled up its sleeves to partner with Chinese asset management initiatives. According to information obtained from sources close to the subject, meetings are held between JPMorgan and China Merchants Bank for a strategic partnership. In the news, which Bloomberg HT relied on anonymous sources, it was noted that the details of the partnership are not yet clear. JPMorgan and Chinese bank officials did not make any statements about the partnership. In the Chinese economy, which is the second largest economy in the world, investments and competition in the finance and banking sectors increased. The market, which is expected to grow by 30 trillion dollars until 2023 in China, whose finance sector, which has a size of 53 trillion dollars, is open to global capital, has also attracted the attention of banking giants such as JPMorgan, Goldman Sachs and UBS.