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J.P. Morgan opens Guangzhou branch, fourth in China

BEIJING
Sun May 3, 2009 10:59pm EDT

BEIJING (Reuters) - JPMorgan Chase Bank (China) has opened a branch in the southern commercial hub of Guangzhou, its fourth on the mainland, to serve local and multinational clients in the manufacturing heartlands of the Pearl River Delta.

Crisis in Credit

The branch, which officially opened on Monday, offered cash-management services, trade finance, liquidity management, foreign exchange and investment banking, the bank said in a statement.

The bank's other branches are in Beijing, Shanghai and Tianjin. (Reporting by Alan Wheatley; Editing by Chris Lewis)
Crisis in Credit


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