The head of the Hong Kong stock exchange, Charles Li, said it was impossible “to recall specific aspects” of a program at JPMorgan that hired the children of China’s elite to foster better connections with regulators following The Wall Street Journal’s publication of emails demonstrating his involvement therein while at the company, The Financial Times reported. Li could, however, “recall that there was a formal process in place within the bank for dealing with these matters which I followed.” Li recommended at least eight people for internships at JPMorgan Chase China as part of the “sons and daughters” program during his time there, according to the emails.
China Economic Review