J.P. Morgan opens new branch in China
Jul 04, 2011
Harbin, China — JPMorgan Chase Bank (China) Company Limited today announced the opening of its Harbin branch, the bank's sixth branch in mainland China. The new branch will accelerate J.P. Morgan's expansion into China's northeastern region, and is an important milestone in the firm's continuing expansion in China.
The branch in Harbin positions the bank to capture the immense growth potential in China's northeastern region by offering a broad range of wholesale financial products and services. These include cash management, trade finance, loans, foreign exchange, and risk management.
Gaby Abdelnour, Chairman and CEO of J.P. Morgan Asia Pacific said, "We are pleased to announce our presence in Harbin, a great city with a rich cultural, industrial and financial heritage. The opening of Harbin branch demonstrates our continued commitment to expanding our footprint in China."
Zili Shao, Chairman and CEO of J.P. Morgan China said, "This year marks the occasion of the firm's 90th anniversary in China. The firm has made great progress in expanding and enhancing the range of services we are able to offer to clients so far this year. The Harbin branch opening is another significant step in expanding our coverage for clients in an important Chinese region with strong growth momentum."
Jack Yan was appointed Harbin branch manager. Mr. Yan has a wealth of experience in the banking industry developed over 16 years as a senior banker at HSBC and Société Générale.
In addition to the Harbin branch, the Beijing-headquartered bank has branches in Shanghai, Beijing, Tianjin, Guangzhou and Chengdu. Each branch provides clients with integrated solutions through the bank's comprehensive financial platform and first-class wholesale financial products and services.