JP Morgan Asia executives: Optimistic about the development of Asian markets such as India and Japan, the company is increasing capital investment.

A senior official from the largest bank in the United States, JPMorgan Chase (JPM.US), stated that the bank is optimistic about the markets in India and Japan in Asia, while also eager to allocate resources to the Southeast Asian market. Sjoerd Leenart, CEO of JPMorgan Chase Asia Pacific, said in an interview on Monday: "India is still in the top three, and could potentially move up to second place in Asia alongside Japan. The growth in India is actually very broad." He added, "We are making all-round investments in India. We are increasing bankers, investing more capital in the business, building technological investment capabilities, to serve new niche markets." Leenart said that JPMorgan Chase expects its commercial banking business focusing on medium-sized enterprises to achieve up to 30% growth in India in the coming years. He added that India needs to further build its manufacturing ecosystem and ensure scalability. Leenart said, "The next phase in India to a certain extent is about becoming a manufacturing hub, creating blue-collar job opportunities, which is an opportunity, but almost a necessity for India." "So, if this strategy doesn't work, India may not be as good as people expect. This may be the most difficult to execute," he added, but he still expects India to succeed. As for Japan, Leenart said that with interest rates currently positive, clients are showing interest in Japan again, and the country is full of opportunities from the perspective of business activities and interest rates. JPMorgan Chase's business in China has been growing significantly, Leenart said, stressing that the Chinese market cannot be ignored. "Actually, we are very excited about everything we have in China. We have all the capabilities and we want to maximize our opportunities with domestic and international clients. The country has actually been growing well." Leenart said that JPMorgan Chase is seeking investments in Southeast Asia, a region with an economy of about $3 trillion, almost as large as India's. "Obviously, it's a bit challenging because (such opportunities) are scattered across five or six countries, but this is where we are eager to invest."