JP Morgan targets Hong Kong retail



JP Morgan has launched a credit/equity hybrid note in Hong Kong, the first time it has used its own brand to target the territory’s retail investors. The US bank follows Calyon, CSFB and UBS, which have all launched own-brand structured products in Hong Kong over the past six months.

Called Abacus, the notes represent a shift for JP Morgan from white-label product provider to visible retail issuer, and follow the formation of a third-party distribution group, set up earlier this year to focus on

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