About J.P. Morgan's Business in China

在华发展的早期阶段

早在摩根大通在华开设首间分行之前,我们就已经与本地客户开展合作了。1911年,摩根大通担任了湖广铁路750万美元债券发行项目承销团的主承销商这是有史以来第一次公开发行的中国铁路债券。债券发行所筹集的资金用于湖南、湖北铁路段的建设。

十年后,摩根大通的前身之一 Equitable Eastern Banking 公司于1921年开设了上海分行,从而开启了摩根大通落地中国开展业务的序幕。1929年,摩根大通在天津开设了第二家分行。新分行的设立为公司带来了独一无二的机会,可以向当地企业、外国公司和政府部门提供金融服务。1930年, Equitable Eastern Banking 公司与大通银行合并,该合并交易也包括对中国两家分行的收购。

为成功奠基

上世纪60年代至70年代,摩根大通继续加强对 中国市场的投入。当时,大通银行主席大卫∙洛克菲勒频繁造访香港。在这一时期,公司又增设了几间分行。至1972年,大通银行已有5家分行并于1973年成为中国银行的首家美国代理银行。

之后,摩根大通不断扩大在中国的业务范围。1981年,公司在北京设立了第一家代表处并于1993年在上海和天津分别设立了代表处。2009年,摩根大通广州分行和成都分行相继开业。

在过去十年间,摩根大通在中国市场进一步发展并不断完善业务平台,服务于客户需求。主要发展成就包括:获准成立本地法人银行,即摩根大通银行(中国)有限公司;获得合格境外机构投资者资格(QFII);与第一创业证券有限公司合作成立合资证券公司即: 第一创业摩根大通证券有限公司,新的合资证券公司的总部设于北京并将开展中国国内证券承销业务。

 

The early years

Even before the firm opened its first office in China, it was working with clients in the region. In 1911, J.P. Morgan & Co. headed a syndicate of underwriters to manage the Huguang Railway’s $7.5 million bond issuance—the first public offering of Chinese railway bonds. The funds were raised to provide capital for the construction of railway lines in the provinces of Hunan and Hupei.

A decade later, the firm launched its on-the-ground presence when predecessor firm Equitable Eastern Banking Corp. opened its Shanghai branch in 1921. By 1929, the firm had opened a second China branch in Tientsin. These new offices offered the firm a unique opportunity to provide financial services to both local and foreign companies and government entities. The merger of Equitable Eastern Banking Corp. with Chase Bank in 1930 included the acquisition of both China branch offices.

Building on a successful foundation

The firm continued to strengthen its commitment to China in the 1960s and 1970s, as David Rockefeller, then chairman of Chase Manhattan, frequently visited Hong Kong. During that time, the firm opened several new offices, with Chase growing to five branch offices by 1972 and becoming the Bank of China’s first American correspondent bank in 1973.

In the following years, the firm continued to invest in growing its footprint in China, opening its first representative office in Beijing in 1981, as well as representative offices in Shanghai and Tianjin in 1993 and branch offices in Guangzhou and Chengdu in 2009.

Over the last decade, J.P. Morgan has reached several important milestones that have enabled us to better serve our clients in China, including gaining approval to establish the locally incorporated bank, JPMorgan Chase Bank (China) Co. Limited; receiving Qualified Foreign Institutional Investor status; and establishing a Beijing-based joint venture with First Capital Securities Co. Ltd. — J.P. Morgan First Capital Securities Co. Ltd. — which engages in the Chinese domestic securities underwriting business.

 
 

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