US EditionJPMorgan, Goldman Sachs Navigate China Market Amid Rising Tensions
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2 Articles
JPMorgan, Goldman Sachs Navigate China Market Amid Rising Tensions
JPMorgan Chase and Goldman Sachs plan to stay in China despite worsening U.S.-China relations, with both banks adjusting their business focus. One analyst has said that this marks Wall Street’s entry into the stage of “de-risking without decoupling.” Daniel Pinto, vice chairman of JPMorgan, said Oct. 15 that the largest U.S. bank is still investing in China, while noting that “the size of our business would have been multiples of what it is toda…
Amid ongoing tensions between the US and China, Wall Street giants JPMorgan Chase and Goldman Sachs have reiterated their commitment to maintaining a presence in the Chinese market. Analysts point to this as a reflection of US banks' adjustment to a "de-risking, but not decoupling" model, grappling with the tension between political risk and market potential. This dynamic is driven by multiple realities, including vested interests, policy consid…
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