More

    JP Morgan Chase China Head: Young People, aka “Tech Investment Bankers” have ‘Opportunity to Understand'

    Investment bankers nowadays have much to master before they can make progress in the industry. Presently, JP Morgan Chase executive Huang Guobin says that the need to master blockchain and related technologies that are starting to emerge, due to the future industries that customers will flock to.

    Based on a report from Wall Street CN, the seven categories that will dictate future industries include:

    • Financial Services and Technology
    • Medical Health and Technology
    • Enterprise and Technology
    • Smart Travel
    • New Consumption and Smart Manufacturing
    • Digital Channels
    • Modern Infrastructure and New Energy

    Early last year, Huang Guobin spoke at Peking University in a lecture titled “The Positioning and Development of Investment Banks in the Age of Science and Technology Revolution.” During the speech, he said, that there are three particular traits to the “customer-centric, technology-oriented ‘axis’ industry structure.”

    He continued, “First, the entire platform of our service must be technology-oriented, and all industries have technological elements, so it is called all in tech. Second, all investment bankers must master basic technical skills and have scientific DNA, otherwise they will not survive. Third, our industry settings are different from traditional industry coverage models. Our industry settings are designed based on business logic, customer needs, and business needs.”

    Huang believes that the industry segmentation is here to stay, but it will also continue to evolve. He states that Jack Ma’s Ant Financial could be considered Technology Media Telecom. Alibaba is responsible for supporting the AliPay mobile payments platform, and many people still turn to the app as their main payment option.

    Speaking on the effect of the technology on younger consumers, Huang said,

    “Many young people are very excited. They feel that they are all technology investment bankers. Although they will not turn around overnight, at least young people have the opportunity to understand technology. The 200-year reform will serve as a reference. Whether we succeed or fail, we can share our experience and pave the way for future generations.”

    Huang has remained the health of China global banking for JPMorgan since 2015, following his former position at Goldman Sachs.

    JPMorgan has continually supported the development and enhancement of blockchain technology with projects like the Blockchain Center of Excellence. However, the opinion of cryptocurrency is less friendly, considering CEO James Dimon’s view of cryptocurrency being no more than fraud.

    Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 13th)

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Krystle M
    Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,288FansLike
    2,765FollowersFollow
    4,134FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    IOTA Urges Users To Use New Seed Migration Tool After Trinity Wallet Hack

    Following IOTA’s recent hack on its Trinity Wallet, the development team is urging the users to protect their wallets by changing their passwords and...

    Gold Hits 7-Year High As Investors Jump into Safe Haven Assets But Bitcoin Not Following

    Coronavirus outbreak has the investors fearing a slowdown in global growth and piling into safe-haven assets like gold US dollar also rising while...

    Russia’s Central Bank And FSB Agree to Ban Cryptocurrency Payment Options

    A Russian local news source, recently reported that the country’s Central Bank and Federal Security Service (FSB) finally came to an agreement that cryptocurrencies...

    Binance CEO: We Aren’t “Operating” in Malta After MFSA Says Exchange Is “Not Authorized”

    Malta Financial Services Authority (MFSA) releases a statement stating “Binance is not authorized by the MFSA to operate” in the country Binance CEO...

    Virtual Game World Decentraland Launches On Ethereum, $100k In Hidden Prizes

    A virtual game that is developed on the Ethereum network has finally been launched to the public, the Block reports. The new game allows users...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.