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JP Morgan Asset Management Expands Distribution Capabilities In China

Vanessa Doctor

22 October 2013

, the asset management arm of US banking giant JP Morgan, has expanded its coverage of the Chinese market with a new funds licence.

The China Securities and Regulatory Commission has granted JPMorgan Chase Bank (China), its locally-incorporated entity, to distribute local securities investment funds to investors in the country. These include funds managed by China International Fund Management, JPMAM's joint venture with Shanghai International Trust.

The funds will be distributed by JP Morgan Global Liquidity China, the company's short-term fixed income investment arm. CIFM was established in 2012 and is said to have introduced one of the first short-term fixed income RMB separate accounts for a single institutional client in China. 

JPMAM's investment management business managed Asia-Pacific client assets totalling $134 billion as at 30 September 2013. In the region, it is headquartered in Hong Kong, where it records some $90 billion in funds under management.