J.P. Morgan Corporate Challenge arrives in Shanghai
Jul 26, 2011
Shanghai, China will be the newest city to host the J.P. Morgan Corporate Challenge, the firm’s iconic footrace held in 14 cities in the U.S., Europe, Asia and Africa.
The event, which will take place in the Xuhui district of Shanghai in October, will mark the firm’s 90th year of doing business in the country. The Shanghai race is the firm’s first Corporate Challenge in China and third in Asia Pacific.
The J.P. Morgan Corporate Challenge was founded in 1977 with a single race in New York City. The event has grown to include more than 245,000 participants from over 8,000 companies at events in Australia, England, Germany, Singapore, South Africa, the United States and now China. Participating companies range from the largest employers in the world to start-up entrepreneurial firms.
The Shanghai Corporate Challenge complements J.P. Morgan’s business expansion in the country. J.P. Morgan in China currently offers its clients a wide range of services across investment banking, corporate banking, risk management, commodities, cash management, trade finance, loans, foreign exchange and derivatives, asset management, futures brokerage and private equity. The firm serves Chinese and international corporations, financial institutions and government agencies through its network of offices and branches in Beijing, Shanghai, Tianjin, Guangzhou, Chengdu, Harbin and Zhongshan.
The firm established its asset management joint venture with Shanghai International Trust and Investment Corporation (“SITICO”) in 2003 and is now one of the largest fund managers in China.