frank gong

Frank Gong is JP Morgan's new chairman of investment banking in China after its top deal-maker in the country, Fang Fang, retired. The management shakeup takes place as US regulators investigate the bank’s overseas hiring practices.

Frank Gong, who headed J.P. Morgan's China research franchise, has become the firm's vice-chairman of China investment banking and chairman of China diversified industry clients.

Increased demand for commodities will affect mainly cement and steel, neither of which will benefit companies outside China, argues Frank Gong.