More NewsJPMorgan Opens Chengdu Branch

JPMorgan Opens Chengdu Branch

JPMorgan Chase Bank (China) is to open a Chengdu branch, the bank’s fifth branch in mainland China. The new branch will accelerate JPMorgan’s expansion into southwestern China, and is part of an ongoing strategy to expand the bank’s national coverage.

The Chengdu branch will contribute to the growth potential of China’s southwestern region by providing a broad range of wholesale financial products and services. These include cash management in both renminbi (RMB) and foreign currency, trade finance, liquidity management, risk management, foreign exchange and investment banking.

Gaby Abdelnour, chairman and chief executive of JPMorgan Asia-Pacific, said the Chengdu branch provides the firm an anchor in an important region. “We are pleased to announce our presence in Chengdu. It is our second branch opening this year, demonstrating our continued commitment to building our China franchise.”

In addition to its headquarters in Beijing, the bank has branches in Shanghai, Tianjin and Guangzhou. Each branch provides clients with integrated solutions through the bank’s Treasury & Securities Services, Investment Bank and Asset Management divisions.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha