JPMorgan Chase intends to grow its China investment banking workforce by 40 to 50 percent during the next two or three years, according to Reuters.
The move comes as the bank eyes a larger share of Chinese technology-related deals, which are rapidly growing in the country.
In a statement to Reuters, JPMorgan said the new additions would also represent part of its plan to establish an onshore securities joint venture in China. That plan is subject to regulatory approval in China.
JPMorgan is looking to hone in on investment banking coverage for technology companies, such as digital healthcare companies, ride-hailing services or mobile banking firms, according to the report.