From: Jeffrey Epstein <[email protected]> To: Jes Staley Subject: Date: Tue, 27 Oct 2009 22:09:58 +0000 JP Morgan China (JPMC) Summary: All activities of the business must be seen to be aligned with Chinese central economic policy and fully endorsed by the Chinese leadershi The Opportunity JPM must be seen to be operating in line with the published Chinese economic policy incorporating major national initiatives including "go global" (international investments), "western region development" (domestic investment in West China), "build global brands" (Chinese companies entering Fortune 500), "financial excellence" (global asset management capabilities), etc. The key from a Chinese point of view is to work with one trusted team inside of China AND outside of China in those geographies where investments and projects will be undertaken The planning stages require a method where the Chinese decision makers are fully informed in the set up stages of JPMC by seeking their advice and endorsement of the operations. JPM must be seen to be keeping a very low profile in initial conversations with selected leaders at Minister, Vice Minster and Director General Level. DS can lead this complete process. As the operations develop it is essential to identify the key stakeholders from the Chinese side (government institutions and relevant key individuals) and monitor their requirements closely. Each institution in different provinces has its own agenda which must be understood and taken into account. This appreciation of detail will be very welcomed by the Chinese leadership. Following from there JPMC must create and build up a Guangxi network by carefully analysing existing relationships within the JPMG team and existing advisors. What China needs is to help Chinese SOEs, private EFTA00885088