J.P. Morgan Chase + J.P. Morgan Securities (China)
J.P. Morgan Chase
New York, New York · 1 relationship
Active relationship
Wholly-Owned · 2019–present
J.P. Morgan Securities (China)
Shanghai, Shanghai · 1 relationship
Analysis
J.P. Morgan Securities (China) Company Limited (JPMSC) is J.P. Morgan's onshore securities platform in China. The China Securities Regulatory Commission approved its establishment in Shanghai in March 2019 with RMB800 million of registered capital and a scope covering securities brokerage, investment advisory, proprietary trading, securities underwriting and sponsorship. [1]
The company commenced business on March 20, 2020. J.P. Morgan's launch announcement described a Shanghai-headquartered firm serving domestic and international clients through brokerage, investment advisory, underwriting and sponsorship, and linked the platform to the development of onshore research and equity capabilities. [2]
Ownership changed after the initial structure. J.P. Morgan's China overview says that in 2021 the CSRC approved J.P. Morgan International Finance's acquisition of 100% of JPMSC, making it the first foreign bank to fully own a securities venture in China; the company's current profile describes JPMSC as wholly owned by J.P. Morgan and lists brokerage, investment advisory, proprietary trading, underwriting and sponsorship as its business lines. [3] [4]
The current platform therefore combines a locally incorporated, CSRC-regulated securities company with the wider J.P. Morgan China network, which the firm dates to 1921. The public profile identifies a Shanghai trading outlet and a Beijing branch, but the sources reviewed do not provide a current revenue, assets-under-management or transaction-volume series for JPMSC alone. [4] [3]
Participants
Continue through either entity
New York, New York · 1 record in this database
JPMorgan Chase & Co. is a global financial services firm whose business areas include Asset & Wealth Management, Commercial & Investment Banking, and Consumer & Community Banking. The company says these businesses provide investment and wealth solutions, capital raising and risk management, payments and asset safeguarding, and banking, saving and investing services for consumers and businesses. [1]
The firm’s institutional history extends across more than 1,200 predecessor institutions. JPMorgan Chase traces its origin to the Manhattan Company, founded in New York in 1799, and its corporate history records the 1955 merger that created Chase Manhattan Bank and the 2000 merger of Chase Manhattan with J.P. Morgan & Co. The Bank One merger in 2004 was another important step in the modern group’s development. [2] [3]
For 2025, JPMorgan Chase reported revenue of $185.6 billion and net income of $57.0 billion. Its 2025 shareholder letter also says the firm extended credit and raised capital totaling $3.3 trillion for consumer and institutional clients, moved nearly $12 trillion daily in more than 120 currencies and over 160 countries, and safeguarded more than $41 trillion in assets. [3]
J.P. Morgan has conducted business in China since 1921, according to the firm’s China history. Its China platform now includes investment and corporate banking, wholesale payments, markets, securities services, commercial banking and asset management, alongside locally incorporated banking, futures, asset-management and securities entities. J.P. Morgan Securities (China), established in 2019 and opened in March 2020, is the group’s onshore securities company and is described separately in this database. [4]
J.P. Morgan Securities (China)
Shanghai, Shanghai · 1 record in this database
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]