Global Investment Banks Try China – Again

(Caixin Online) Shaking off the sort of jitters teen-agers feel on a first date, global investment banks are getting bolder about business opportunities in the Chinese financial services sector.

JP Morgan China CEO Fang Fang told reporters March 9 that the U.S.-based bank hoped to establish a securities joint venture in China as soon as possible and "serve domestic investors and issuers, helping them enter China's capital market."