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JP Morgan aims to double China revenue: Asia-Pacific CEO

High corporate debt: a risk Beijing is addressing in a 'very good way'

Nicolas Aguzin, CEO of J.P. Morgan Asia Pacific, in an interview with the Nikkei Asian Review. (Photo by Yoichi Iwata)

TOKYO -- U.S. investment bank J.P. Morgan will look to double its revenue from China in the future, as the biggest bank in the world by market capitalisation seeks to build a stronger footprint in the fast growing Asian country.

J.P. Morgan made $6.1 billion in revenue from business in the Asia-Pacific region in 2016. "I believe that China will make up around 40% of our Asia Pacific revenues at some point in the future," Nicolas Aguzin, chairman and CEO of J.P. Morgan Asia Pacific, told the Nikkei Asian Review in a recent interview in Japan. "Today, I would say it is less than half of that... But over time, I could visualise China being [worth] 40%."

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