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Global securities firms bullish on China despite coronavirus woes

BEIJING
2020-02-12 17:14

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Global financial service giants are bullish on the long-term growth prospects of the Chinese market, revving up donations to help the country combat the novel coronavirus outbreak.

James Paradise, head of the securities division for Asia-Pacific at Goldman Sachs, said he is confident that China will successfully deal with the challenge and the firm is ready to help.

The investment bank has promised to offer donations totaling 1 million U.S. dollars to help with the virus-control efforts.

Morgan Stanley and J.P. Morgan Chase also announced donations totaling 1 million U.S. dollars respectively to help the country tide over the difficult period.

"It's important that we join hands, pool our resources and overcome the difficulties together," said Mark Leung, CEO of J.P. Morgan China.

Toshiyasu Iiyama, head of the China Committee at Nomura Holdings, spoke highly of China's efforts to fight the novel coronavirus and expressed his respect for the nation's medical personnel. The company donated a total of 1.5 million yuan (about 215,150 U.S. dollars) to help with disease control.
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