Financial Crime Financial Crime

Illegality of JP Morgan's 'Sons & Daughters' program needed to prove former employee guilty of bribery, Hong Kong trial hears

By Xu Yuan
  • 26 Oct 2020 22:04
  • 26 Oct 2020 22:16
Hong Kong prosecutors have failed to prove a program at JP Morgan to hire children of its existing and potential clients was illegal, which means their bribery allegations against a former managing director of the firm for having used the program to hire someone aren't valid, a local court heard.

The city’s

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Xu Yuan

Senior Correspondent

Xu Yuan has worked for MLex for seven years, all of them based in Hong Kong. She has reported on a wide range of regulatory topics, including antitrust, cybersecurity and data security, in mainland China, Hong Kong and Taiwan. She has broken numerous stories on policymaking and enforcement involving international companies doing business in the region and done substantial court reporting in Hong Kong. She is currently specializing in covering regulatory issues related to future mobility, including connected vehicles. She previously worked for US TV network NBC in Beijing. She received her undergraduate degree in English Literature and Linguistics from Peking University and a master’s degree from the Journalism and Media Studies Centre at The University of Hong Kong.

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