J.P. Morgan Securities (China) Company Limited Permitted to Open for Business
Shanghai, December 18, 2019 – J.P. Morgan today announced that the China Securities Regulatory Commission (CSRC) has approved J.P. Morgan Securities (China) Company Limited its Securities and Futures Business Permit. The approval paves the way for J.P. Morgan’s majority-owned securities company in China to commence business operations.
J.P. Morgan Securities (China) Company Limited will provide a comprehensive set of financial products and services in China for its Chinese and international clients including securities brokerage, securities investment advisory, and securities underwriting and sponsorship.
“JPMorgan Chase is very pleased to have established our majority-owned securities company in China. We will continue to invest in and fully support our business in the country, which has become a critical market for many of our domestic and global clients,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase.
Nicolas Aguzin, Chairman and CEO for J.P. Morgan Asia Pacific said: “J.P. Morgan has been operating in China for close to a century and we take a long term strategic approach to our business as we grow with China. The launch of J.P. Morgan Securities (China) Company Limited is another important milestone in this critical market.”
Headquartered in Shanghai, J.P. Morgan Securities (China) Company Limited is located in Shanghai Tower, an iconic building standing at the heart of the Lujiazui Financial Zone in Pudong District, the center of Shanghai’s financial industry.
“The establishment of our new securities company further strengthens J.P. Morgan’s domestic platform and our on-shore capabilities at a time when China’s financial markets continue to evolve and the requirements of our clients continue to develop,” said Mark Leung, CEO of J.P. Morgan China.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.8 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 customers 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.
J.P. Morgan in China
J.P. Morgan has been doing business in China since 1921. J.P. Morgan’s integrated financial services include investment and corporate banking, wholesale payments, markets, sales and research, securities services, commercial banking 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 and Shenzhen.