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发帖数: 6262 | 1 JPMorgan China probe sends chill through investment banks
http://finance.yahoo.com/news/jpmorgan-china-probe-sends-chill-
HONG KONG (Reuters) - A U.S. banking regulator's probe into JPMorgan's
hiring practices in China will have rival banks scrambling to review their
own records, lawyers say, in a market where ties to political and business
leaders can be key to winning big deals.
Banks around the world commonly hire people with government connections, but
this is especially prevalent in China due to the role the ruling Communist
Party plays in the country's business.
Offering a job to one of China's so-called princelings - the offspring of
China's political elite - is now a potential liability, with the U.S.
Securities and Exchange Commission (SEC) investigating whether JPMorgan's
Hong Kong office hired the children of China's state-owned company
executives with the express purpose of winning underwriting business and
other contracts, said a person familiar with the matter. |
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