JPMorgan taps Frank Gong to shore up China revenue

Frank Gong, a prominent economist and an ardent backer of the Chinese yuan and the nation's economic prospects, has been selected to spearhead JPMorgan's investment banking business in China.

JPMorgan on Friday said it has appointed Gong as vice-chairman of its China investment banking business and as chairman of China diversified industry clients.

Gong will focus on expanding the coverage of the firm's corporate clients in China and work with other product and industry specialists to grow revenue across all investment banking products.