JPMorgan 'investing heavily in India and China'

15 March 2010

JPMorgan Asset Management is pouring money into India and China, it has been said.

Around $860 million has been invested by its Asian infrastructure, with 25 per cent of that total going on China and India.

Philip Jackson, chief of JPMorgan's Asia infrastructure investments group, told Reuters that although the company was concentrating on these two countries, it also had an eye on other investment opportunities throughout the continent.

"Clearly we anticipate China and India will be the two largest markets, but frankly we are anticipating we could be investing equally easily in Korea or in south-east Asia," he stated.

Mr Jackson added that areas such as the province of Guizhuo in China need many infrastructure projects in the coming years.

Last week, it was reported that JPMorgan is close to signing a deal with Chinese-based firm First Capital Securities to set up a joint-venture securities firm in the country.

By Tony Aynsley

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development