JPMorgan Chase has gained full control of its China mutual fund. Photo: Bloomberg
JPMorgan Chase has gained full control of its China mutual fund. Photo: Bloomberg

Chinese regulator approves JPMorgan, Standard Chartered fully-owned ventures on the mainland

  • JPMorgan’s acquisition of a 49 per cent stake in China International Fund Management from Shanghai International Trust was approved on Thursday
  • Standard Chartered has also been cleared to set up a wholly-owned securities brokerage, allowing the bank to offer underwriting and asset management services

JPMorgan Chase has gained full control of its China mutual fund. Photo: Bloomberg
JPMorgan Chase has gained full control of its China mutual fund. Photo: Bloomberg
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