JPMorgan Chase said it plans to expand its China investment banking team headcount by 40% to 50% over the next two to three years, as it looks to grab a bigger share of the country’s fast-growing technology-related deals.
The FTSE 100 soared to a new record on Monday after news of a truce in the contentious trade dispute between the US and China cheered investors and helped send the pound lower against the dollar.
American bank JP Morgan Chase has submitted an application to China’s securities regulator to set up a new brokerage business in which the bank would own a 51 per cent stake.
Expanding headcount by 30% - 40% from the end of last year.
Nomura has appointed Ting Lu as Chief China Economist to lead a team of economists that forecasts China’s economic trajectory and drives thought leadership on macroeconomic themes shaping the country.
HNA may strike a partnership instead, though the size and details are unknown, Dow Jones reported, citing sources.
Amid all the excitement about China’s plan to open up its securities market, one U.S. banking giant is playing it cool.
Recent shifts in regulations are one of the major forces driving changes in the the asset management industry in China.
Standard Chartered has signed an agreement with China Development Bank for the Chinese state-backed lender to make available over a billion pounds in funding for Belt and Road projects.
Theresa May has faced down her backbench critics as she landed in China, insisting she would fight the next election but admitting she needs to communicate better with both her MPs and the public.
The Tottenham Hotspur-linked star reportedly wants a move to Arsenal.
Leeds United are said to be looking to sign Chelsea defender Jake Clarke-Salter this summer.
Tottenham Hotspur are said to be battling Manuel Pellegrini's West Ham United side for striker Maxi Gomez.
If Leeds United sign Jack Harrison, could Ibrox side Glasgow Rangers be last club standing in Ryan Kent chase?
Tottenham Hotspur reportedly made an offer involving Kyle Walker-Peters for Aaron Wan-Bissaka.
Ibrox side Glasgow Rangers signed the young defender last week.
Jack Butland reportedly wants to join Aston Villa this summer.
Martin O'Neill has been sacked by Nottingham Forest; now will Joe Lolley be on his way to the Premier League with Aston Villa?
Everton boss Marco Silva is said to be keen on snap up Franck Kessie from AC Milan this summer.
Arsenal star was in action for France's under-21s last night.
The storm clouds of the next global financial crisis are gathering despite the world financial system being unprepared for another downturn, the deputy head of the International Monetary Fund has warned.
HSBC is closely tied to Huawei and China, but a source familiar with the matter tells CNBC that the bank is not being investigated in the current legal case.
"We are very excited about the prospects for technology in China," said Jing Ulrich, managing director and vice chairman for Asia Pacific at J.P. Morgan Chase.