JPMorgan Asset Management says China remains ‘irreplaceable’

JPMAM China kicked off 2024 with an exchange-traded fund tracking the new CSI A50 index, raising two billion yuan (US$278mil) in less than 10 days. — Bloomberg

JPMORGAN Chase & Co will continue hiring in China for its asset management business as it targets growth in the world’s second-largest economy.

“China’s mutual fund industry remains an irreplaceable growth market for global asset managers,” Desiree Wang, JPMorgan Asset Management China (JPMAM) chief executive officer, said in an interview yesterday. “It offers a great certainty of growth.”