Connect with us


JPMorgans, $ 415 million tie to wealth management firm, highlights conflicting US impulses on China




Jamie Dimon, Managing Director of JPMorgan Chase. Photographer: Tiffany Hagler-Geard / Bloomberg

2019 Bloomberg Finance LP

Bitter and high-profile talks between the United States and China in Alaska Thursday and Friday were followed over the weekend by speculation of a fall into an even more difficult era of relations between the two countries. Challenging the United States, China and Russia set the tone for a new cold era, The New York Times reported today in a front page article.

Think about this news, however, only two days old: China Merchants Bank, one of China’s largest financial institutions, has announced that JPMorgan Asset Management (Asia-Pacific) will pay $ 415 million for a 10% stake in its branch of wealth management.

This move will allow the American bank to take advantage of the growing number of wealthy people in the country. The United States still has more millionaires than any other country, but China recorded the biggest gains in the first half of 2020, with an increase of 365,000 between January and June, according to Credit Suisse. Likewise, the United States dominated the world in terms of the number of billionaires on the Forbes 2020 billionaire list, but mainland China quickly closed the gap. Tuya’s New York Stock Exchange listing on Thursday hit a new billionaire geek from China who previously worked for another mainland tech success Alibaba. (See the previous article here.)

JPMorgans investment highlights the conflicting impulses from the United States to China. Many large American companies already present do not want to leave and aim to do more business; in contrast, US national security experts focus on cyber threats and geopolitical tensions.

No matter where the United States goes, more business, more defense spending, or both, success will require politicians and businesses to synchronize and policy makers to provide meaningful follow-up. An initiative that would benefit both American business and defense interests: more spending and incentives for education and language training programs that encourage Americans to learn as much about China as the Chinese know about America.

The long-awaited Alaska talks are over. It’s time for the Bidens team to get creative and stand out.

See related articles:

Alibaba Alum joins the ranks of global billionaires

What would Colonel Sanders say?

The US space boom is about to spread to China


What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]