In Conversation With Desiree Wang

Desiree Wong, China Country Head for JP Morgan Asset, discusses diversity, talent acquisition, and business strategy in China. She highlights JP Morgan's commitment to diversity, including initiatives like the reentry program and Women on the Move. Wong addresses challenges in hiring bilingual talent in China and outlines JP Morgan's strategic plans following their full ownership of a local asset management company. She also discusses investment trends, emphasizing the need for global diversification among Chinese investors. The session concludes with audience questions on the ETF market and future plans.

What percentage of JP Morgan's global workforce is made up of women?

• 75%

• 25%

• 50%

• 90%

Which program at JP Morgan supports individuals re-entering the workforce after a break?

• Women on the Move

• Reentry Program

• Working Family Network

• Diversity Initiative

What is a significant challenge JP Morgan faces when hiring talent in China?

• Limited job openings

• High salary demands

• Need for bilingual skills

• Lack of interest in finance

How long has JP Morgan been involved in a joint venture in China before acquiring full ownership?

• 15 years

• 19 years

• 5 years

• 10 years

What is Desiree Wong's advice for businesses looking to succeed in China?

• Avoid regulatory challenges

• Stay committed and patient

• Invest in local partnerships

• Focus on short-term gains

What is the current approximate percentage of Chinese financial household assets invested offshore?

• 5%

• 15%

• 1%

• 10%

What trend is emerging among Chinese investors regarding their investment portfolios?

• Increased focus on local stocks

• Interest in global diversification

• Preference for real estate

• Avoidance of technology stocks

Which sector was most represented among China's richest individuals in 2007?

• Technology

• Real Estate

• Biopharmaceuticals

• Consumer Goods

What is the expected growth trend for the ETF market in China?

• Rapid growth

• Slow growth

• Decline

• Stable

What is the current size of the ETF market in China compared to the mutual fund market?

• $50 billion

• $100 billion

• $400 billion

• $200 billion