Foreign banks News
JPMorgan injects $400 mn into China unit
JPMorgan Chase & Co has injected 2.5-billion yuan ($394.08 million) into its China unit.
Foreign banks, including HSBC and Singapore’s DBS Group, have either injected or are planning to pump in capital into their China units which are expected to grow rapidly over the coming years even as growth in the world’s second-biggest economy comes off the boil.
“The additional capital will
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