China remains major growth area in Asia-Pacific region, JPMorgan executive says

China will become one of the "outsize contributors" to JPMorgan Asset Management's five-year plan to double Asia-Pacific assets under supervision to about US$600 billion, according to the firm's top executive in the region. "Our long-term goal is to grow [operations in the region] to a US$1 trillion business," said Dan Watkins, CEO of Asia-Pacific at JPMorgan Asset Management, in an interview on Tuesday. He said China, Australia and Japan - the three largest capital markets where the US firm operates - wo ...