The approval from the China Securities Regulatory Commission will give JPMorgan access to China's futures exchanges in Shanghai, Zhengzhou and Dalian, giving it a presence in one of world's fastest growing futures markets û turnover in Shanghai, which accounts for 60% of the market, has grown from Rmb667 billion $88.6 billion in 2000 to Rmb12.6 trillion last year.
This joint venture gives us the opportunity to bring our global reach and expertise to new markets, says Jerome Kemp, joint chief executive of JPMorgan's ever-expanding...
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