HONG KONG/WASHINGTON - JPMorgan Chase & Co plans to hire at least 12 equity research analysts in China this year, two people with knowledge of the matter said, in its first major mainland hiring push as it takes advantage of eased ownership rules for financial firms.
China is a"critical market" for clients globally, JPMorgan Chief Executive Jamie Dimon said in December, when the bank received regulatory approval to establish a majority-owned securities joint venture, offering brokerage, investment advisory and underwriting services. Last month, a U.S. investment advisory founded by Wall Street trader William O'Neil won approval to launch local-currency funds and plans to seek a licence to raise money for offshore investment.
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