JP Morgan retools China investment bank

JP Morgan is adding headcount in China to capture more of the record-breaking surge in investment banking revenues from advising privately owned Chinese firms going global.

The bank's New York headquarters is also making more balance sheet available for key China-based clients, such as Beijing based private equity firm Hony Capital, according to JP Morgan’s co-heads of China investment banking Brian Gu and Jing Zhao in their first interview since taking on the roles in March.