JP Morgan Sees Double Business Growth in China by Decade's End

JPMorgan Chase is making significant plans for expansion in China over the next decade. The bank's CEO, Jamie Dimon, revealed that their China-related business has grown substantially and will likely continue to rise at a comparable rate.

'We bank 300 or 400 companies, Chinese companies in China, and that number has probably doubled in the last 10 years,' Dimon said. 'It's probably gonna double again in the next 10 years.'

JPMorgan is set to increase hiring and technology investment across mainland China and Hong Kong, capitalizing on the city's strengthening capital markets and serving companies operating within and outside of the Chinese market.