Company History

With a legacy dating back to 1799, we have a history of demonstrating leadership during times of both economic growth and financial instability.

Our history in China begins in 1921 with the opening of an office by one of J.P. Morgan's predecessor firms in Shanghai.


  • J.P. Morgan China becomes a Bond Connect market maker, acting as one of the price providers to serve the Northbound Link leg of the connection between the mainland bond market and Hong Kong and the overseas investors.
  • J.P. Morgan submitted an application to the China Securities Regulatory Commission (CSRC) seeking to establish a new securities company in which it would hold a 51% stake.
  • J.P. Morgan offers trading and clearing of Renminbi-denominated crude oil futures contract for its onshore and offshore clients.
  • J.P. Morgan was appointed by the People’s Bank of China as an RMB clearing bank in the U.S.


  • J.P. Morgan received Type-A Bond Settlement Agent license in China.

  • J.P. Morgan receives Debt Financing Instruments of Non-financial Enterprises Underwriting License in China’s interbank bond market.


  • J.P. Morgan Asset Management establishes JPMorgan Asset Management (Shanghai) Limited in China (Shanghai) Pilot Free Trade Zone.


  • JPMorgan Chase & Co. forms a strategic partnership with Postal Savings Bank of China.


  • J.P. Morgan opens a branch in Shenzhen.


  • J.P. Morgan receives the approval from the China Banking Regulatory Commission to purchase a 19.99% stake in Bridge Trust Corporation Ltd.
  • J.P. Morgan opens a branch in Suzhou.
  • J.P. Morgan injects an additional capital of RMB 2.5 billion into its locally incorporated bank in China.


  • J.P. Morgan signs the investment agreements in Beijing to establish a Sino-foreign joint venture guarantee corporation as one of the major investors.
  • J.P. Morgan opens a branch in Harbin.


  • J.P. Morgan opens branches in Guangzhou and Chengdu.


  • J.P. Morgan receives the entitlement to underwrite Chinese treasury bonds.


  • J.P. Morgan Chase Bank (China) Company Limited, the firm’s locally incorporated bank, is established.
  • J.P. Morgan receives the approval from the China Securities Regulatory Commission (CSRC) to enter into a joint venture futures company, known as the J.P. Morgan Futures Company Limited.


  • J.P. Morgan Asset Management establishes China International Fund Management, a joint venture with the Shanghai International Group in Shanghai.


  • J.P. Morgan receives its Qualified Foreign Institutional Investor (QFII) status from the CSRC.


  • J.P. Morgan Chase Bank Shanghai branch receives its local currency license.


  • J.P. Morgan Chairman and CEO Bill Harrison meets with China's President Jiang Zemin in Beijing.


  • J.P. Morgan acts as a joint book runner for the People's Republic of China's US$500 million bond issuance.


  • J.P. Morgan opens representative offices in Beijing and Shanghai.


  • Chase opens its first operating branch in Tianjin.


  • Chase opens its first representative office in Beijing.


  • Chase Chairman David Rockefeller leads a US delegation to China to meet with China's Premier Zhou Enlai. In the same year, Chase becomes the first US bank to be designated as Bank of China's correspondent bank.


  • The Equitable Eastern Banking Corp. merges with the Chase Bank, which included the acquisition of both Chinese branch offices in Shanghai and Tianjin.


  • Equitable Eastern Banking Corp. opens a second China branch in Tianjin.


  • Chase National Bank, another one of J.P. Morgan's predecessor firms, establishes a branch in Shanghai.


  • Equitable Eastern Banking Corp., one of J.P. Morgan's predecessor firms, opens its Shanghai branch.


  • J.P. Morgan heads a syndicate of underwriters to manage Huguang Railway's $7.5 million bond issuance.

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