JP Morgan Asset Management (JPMAM) has received an RMB1 billion (US$165.31 million) investment quota from China’s State Administration of Foreign Exchange (SAFE) under the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme.
The Asset reported that JPMAM is planning to launch an actively managed equity fund investing in China’s renminbi-denominated securities subject to approval from the Hong Kong Securities & Futures Commission (SFC).
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Jed Laskowitz, CEO of JPMAM for Asia-Pacific, said: "JPMAM’s five-member investment team in Hong Kong will leverage the onshore insights of our joint venture partner in Shanghai to deliver a high-quality investment experience to our clients."
Lilian Leung, fund manager of JPMAM’s Greater China team, was quoted by The Asset as saying, "We continue to see more divergence in sector performance during the deleveraging, reform and transition process of the Chinese economy while the breadth of the onshore A-Share market provides a good platform to invest and benefit from this economic transformation."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
