JP Morgan wins China distribution licence
JP Morgan becomes the latest foreign bank to receive a licence to sell mutual funds to mainland investors but, unlike its peers, it will focus on institutional investors.
JP Morgan Asset Management may start selling funds in China as early as next month, after JP Morgan Chase Bank (China) received approval in late September to market local securities investment funds on the mainland.
China International Fund Management (CIFM), a joint-venture between JP Morgan AM and Shanghai International Trust, will manage some of the funds to be distributed by JP Morgan China.
The firm declined to comment on whether it plans to sell any of its Hong Kong-domic…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.