Chase Manhattan Company marched into China.

JPMorgan Chase's long history in China market can be traced back to the early 20th century. 1909, JP Morgan is the bond underwriter of Huguang Railway. During the period of 1920, Chase Bank opened offices in Shanghai and Tianjin to provide financial services to local and foreign institutions.

The relationship between JPMorgan Chase and New China began at 1973, when david rockefeller, then chairman of Chase Bank, led the first American business delegation to visit China. Chase Bank became the first American correspondent bank of Bank of China (60 1988) and one of the first American banks to open an office in Beijing in 1982.

On June 5438- 10, 2003, JPMorgan Chase was approved by China Securities Regulatory Commission and qualified as QFII. This is another important step for JPMorgan Chase to enter China's financial market.

Morgan Fleming, a fund company owned by JPMorgan Chase, signed an agreement with Shanghai SDIC to set up a joint venture fund company. As a commercial bank, JPMorgan Chase has obtained a license to engage in RMB business and foreign exchange, which provides a good foundation for its business in China, including investment banking.

Harrison, chairman of JPMorgan Chase, pointed out that international financial institutions like JPMorgan Chase can use their valuable experience to help China build a dynamic and innovative financial service industry. They have mastered various tools necessary for this process, such as rich knowledge and experience in risk management, extensive contact with global capital markets, and first-hand information on creating a new financial market that disperses risks and promotes competition. Harrison said that he would share these tools and China's wealth with China.

Investment banking entered the top three in Asia-Pacific.

For some time, although JPMorgan Chase is the second largest financial institution in the United States and a model of integrated financial services group, neither commercial banks nor investment banks have received much attention in China. What is the reason for it

JPMorgan Chase's commercial banking business is mainly wholesale banking business, with little retail banking business. Because in its business philosophy, doing wholesale business is more conducive to management. JPMorgan Chase also adhered to this principle in China, so it was not taken seriously by the public. As far as investment banking is concerned, JPMorgan Chase and Chase Manhattan were both commercial banks before their merger in September 2000, although JPMorgan Chase has obtained special approval from the US Securities and Exchange Commission to engage in securities business. After the merger, investment banking in JPMorgan Chase started almost from scratch, especially in China.

After three years of hard work, JPMorgan Chase's investment banking business has achieved good results. In the global investment banks, equity financing and bond financing have achieved the top five results, entered the top three in the Asia-Pacific region, and have won the top spot in South Korea and Taiwan Province Province of China.

Only in June 5438+10, JPMorgan Chase did six businesses in the Chinese mainland market:

JPMorgan Chase is one of the global joint bookkeepers of the $6,543.805 billion bonds issued overseas by the China government.

In the project of China Telecom's acquisition of network assets in six provinces and cities from its parent company for nearly 80 billion yuan, JPMorgan Chase was an independent financial consultant.

CNOOC signed Gauguin project to acquire Australia, with an estimated amount of 300 million US dollars. JPMorgan Chase is one of the financial advisers;

For the $654.38+RMB 800 million convertible bond project issued by CITIC International Finance, JPMorgan Chase is the independent account book manager and global joint coordinator;

JPMorgan Chase is an independent bookkeeper and an independent global coordinator of the $654.38+0.5 billion convertible bond project invested and issued by CTS International.

In the acquisition of ZTE chip factory by Motorola, JPMorgan Chase served as the financial advisor of Motorola.

Recruit senior talents

Focusing on the China market, JPMorgan Chase has deployed more than 65,438+0/3 Asian employees in Greater China. JPMorgan Chase has stepped up its efforts in China, and hired several influential investment bankers from other institutions.

JPMorgan Chase adheres to the global chess game strategy, and uses the advantages of comprehensive financial holding to conduct all-round business in every part of the world.