Mark Leung, CEO of JPMorgan China, says acquiring full ownership of its operations in the mainland is important for the bank to deliver a seamless experience for its clients. Photo: Jonathan Wong

JPMorgan targeting full ownership of mainland operations as it completes 100 years in China

  • US bank plans to take full ownership of its mainland operations from securities to asset management next year, says Mark Leung, JPMorgan’s China CEO
  • In December, JPMorgan received approval in China for a majority-owned securities licence, becoming only the third foreign bank after UBS and Nomura
Topic |   JPMorgan Chase

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Mark Leung, CEO of JPMorgan China, says acquiring full ownership of its operations in the mainland is important for the bank to deliver a seamless experience for its clients. Photo: Jonathan Wong
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Peggy Sito

Peggy Sito

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.