Asset manager Matthews International Capital Management is closing its Shanghai office and centralizing its regional research business in Hong Kong, joining the list of global firms reducing their presence in mainland China. In contrast, JPMorgan plans to keep hiring in China for its asset management business, emphasizing the country's growth potential.
JPMorgan Chase & Co. will continue hiring in China for its asset management business as it targets growth. “China’s mutual fund industry remains an irreplaceable growth market for global asset managers,” says JPMAM China CEO https://t.co/la7XX1F1KN
Matthews shuts Shanghai office as it joins retreat of asset managers from China https://t.co/FkfzSRMHCm
Asset manager Matthews International Capital Management LLC is closing its Shanghai office, centralizing its regional research business in Hong Kong, and remains committed to conducting China analysis.-Bloomberg
Asset manager Matthews International Capital Management is closing it Shanghai office, adding to the list of global firms that have cut back in mainland China https://t.co/avSe1q0LTN via @markets
Asset manager Matthews International Capital Management is closing it Shanghai office, adding to the list of global firms that have cut back in mainland China https://t.co/O4pfW10fM3
JPMorgan will continue hiring in China for its asset management business as it remains committed to operating in the world’s second largest economy https://t.co/6jEGYL3ucT