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JPMorgan Tells Staff: Make It Clear Taiwan Is Part of China

  • Hong Kong and Macau mentions must include ‘SAR’ designation
  • International companies have felt pressure over Taiwan
Taipei

Taipei

Photographer: Craig Ferguson/Getty Images

JPMorgan Chase & Co., which is in the process of building its presence in China, has told some staff to ensure that they don’t refer to Hong Kong, Macau or self-governing Taiwan as separate countries.

The regions should on first reference be Hong Kong SAR, Macau SAR and Taiwan, China, Stuart Marston, supervisory analyst global manager, said in a recent email, which was seen by Bloomberg News. JPMorgan has also added a note in its disclosures section to clarify usage, according to the email. The language wasn’t used in numerous prior research notes published over the past few months though reports in recent days are incorporating the changes.