The person in charge of the Chinese Wall Street Investment Bank Giant Morgan Chase said that the company's expansion spending in China is longer than expected.
According to Bloomberg, Morgan Chase China CEO Liang Zhiwen Liang Zhiwen on Wednesday (May 31) said in an interview with the bank's event in ShanghaiA long journey, "But, we have invested and progressed smoothly."
The Bank of Wall Street has been rubbing his fists in recent years, hoping to make good use of China to open up the opportunity of the financial sector to foreign companies.However, the economic and fierce domestic competition in China hindered and weakened the ambitions of these banks in China.
Liang Zhiwen said that JP Morgan Chase hopes to show the difference from peers in the Chinese market. "Cross -border (transaction) as a differentiated factor is the key."
He added that the number of public offering in mainland China and Hong Kong on the shore is still considerable.
