JP Morgan said that the new branch is aimed at accelerating its expansion into China’s northeastern region, and is an important milestone in the firm’s continuing expansion in China.
The branch in Harbin will offer a broad range of wholesale financial products and services. These include cash management, trade finance, loans, foreign exchange, and risk management.
JP Morgan China chairman and CEO Zili Shao said this year marks the occasion of the firm’s 90th anniversary in China. The firm has made great progress in expanding and enhancing the range of services they are able to offer to clients so far this year.
"The Harbin branch opening is another significant step in expanding our coverage for clients in an important Chinese region with strong growth momentum," Shao said.
In addition to the Harbin branch, the Beijing-headquartered bank has branches in Shanghai, Beijing, Tianjin, Guangzhou and Chengdu.
