J.P. Morgan Securities (China)

J.P. Morgan Securities (China) Company Limited is the group’s onshore securities company in China. J.P. Morgan’s company profile says it was incorporated in 2019, is wholly owned by J.P. Morgan, and provides financial products and services for Chinese and international clients, including investment banking, equities and equity research. [1]

The company is headquartered in Shanghai and began business in March 2020. Its stated business scope includes securities brokerage, securities investment advisory, principal trading, and securities underwriting and sponsorship. The company’s listed locations include a Shanghai Tower trading outlet and a Beijing branch. [1] [2]

The entity was initially approved as a joint venture. In the China Securities Regulatory Commission’s 2019 approval, registered capital was RMB800 million, with J.P. Morgan International Finance holding 51% and several Chinese shareholders holding the remaining interests; the approved business scope included brokerage, investment advice, proprietary trading, underwriting and sponsorship. [3]

In August 2021, the CSRC approved J.P. Morgan International Finance’s registration of 100% ownership, and J.P. Morgan described the company as the first securities venture in China to be fully owned by a foreign firm. The firm said the structure would strengthen J.P. Morgan’s domestic platform and onshore capabilities, while supporting Chinese and international clients through a locally licensed securities business. [2]

The company is relevant to the database because it represents J.P. Morgan’s direct securities presence in mainland China, complementing the group’s wider China activities in banking, markets, payments, asset management and futures. J.P. Morgan’s China site lists the securities company among its local entities and identifies Shanghai as its principal operating location. [1] [2]