SEC tells JPMorgan to hand over correspondence with 35 Chinese officials

JPMorgan (JPM.NYSE) has been ordered by the US Securities and Exchange Commission to provide any correspondence between the bank and 35 Chinese officials including politburo member Wang Qishan in connection with an investigation into how the company hired the children of high-ranking officials to win business in China, The Financial Times reported, citing two unnamed sources. Such hiring practices are at the center of an investigation by Hong Kong and US authorities which has ensnared other Wall Street banks as well–though the SEC is not alleging any wrongdoing on the part of the Chinese officials.