JPMorgan Sees China Clients Seeking Record Overseas Funds
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JPMorgan Chase & Co.’s pipeline of clients from China seeking financing overseas has doubled from a year ago to a record, led by developers seeking funds, said the head of its China investment banking business.
“We saw a level of activity that we’ve never seen in the past” by property companies tapping offshore debt markets, Fang Fang, who is also managing director and Asia vice chairman for New York-based JPMorgan, said in an interview yesterday. He declined to provide specific figures. “We are seeing the return of the equity investor as well.”