Firm Partners with the Zheng Weining Charity Foundation To Create Employment Opportunities for the Disabled in China
Beijing — JPMorgan Chase & Co. today announced a new philanthropic program, in partnership with the Zheng Weining Charity Foundation (ZWCF), focusing on providing educational and training support to disabled people to enhance their employment opportunities within China’s rapidly growing e-commerce industry．
The program, A Million Jobs, aims to help up to 3,600 disabled people over the next 12 months.
“We are delighted to be part of this initiative to help unlock the potential of underprivileged people and to increase their employment prospects. It will not only benefit the individuals and their families but also help fill the skill gap in the fast growing industry sectors such as the e-commerce space,” said David Li, Chairman and CEO of J.P. Morgan China. “This in turn will contribute to our country’s economic development,” he added.
Equipping this underprivileged group with the necessary skill set for the e-commerce industry, the program will help them enter into virtual jobs to overcome their physical barriers. Meanwhile, the program will also tackle the labor shortage challenges that the e-commerce industry is experiencing.
ZWCF has also signed an agreement with the Alibaba Group, which will help place a minimum of 200 qualified program participants per month with small and medium sized enterprises (SMEs) registered on Alibaba’s e-commerce platform. It is anticipated that successful program trainees will be able to perform jobs such as handling business enquiries, selling products online, providing post-sales services and reviewing relevant online information.
“Workforce readiness is one of the focal areas of JPMorgan Chase’s philanthropic initiatives globally. The firm has launched a series of programs around the world to empower the workforce and reduce skill gaps. Our contribution to this program is also an endorsement of our long-term commitment to the social and economic development of the country,” said Mr. Li.
Weining Zheng, the founder of ZWCF said, “I would like to extend my sincere thanks to JPMorgan Chase & Co. on behalf of people with disabilities and their families. We are confident that this partnership with JPMorgan Chase will unleash the huge potential of this very important and talented group of people and will make a significant contribution to improving their lives.”
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com
About J.P. Morgan China
J.P. Morgan has been doing business in China since 1921. J.P. Morgan’s services include corporate and investment banking, commercial banking, treasury services, markets, investor services and asset management. Today, the firm serves Chinese and international corporations, financial institutions and government agencies through our network in Beijing, Shanghai, Tianjin, Guangzhou, Chengdu, Harbin, Suzhou, Shenzhen and Zhongshan.