JP Morgan is adding headcount in China to capture more of the record-breaking surge in investment banking revenues from advising privately owned Chinese firms going global.
The bank's New York headquarters is also making more balance sheet available for key China-based clients, such as Beijing based private equity firm Hony Capital, according to JP Morgan’s co-heads of China investment banking Brian Gu and Jing Zhao in their first interview since taking on the roles in March.
“We will continue to invest in the China market,” said Zhao.
The biggest US bank was one of the six bookrunners on Alibaba’s $25 billion...