J.P. Morgan has substantially increased its investment in Chinese assets. In a single trading day, J.P. Morgan Chase invested about HK$1.286 billion in shares of several large Chinese companies.
According to data from the Hong Kong Stock Exchange, J.P. Morgan Chase increased its shares in Xiaopeng Motors by about HK$0.639 billion, increasing its shareholding ratio from 4.57% to 5.35%. Additionally, it increased its investment in direct boss hires by approximately HK$0.138 billion, increasing its shareholding ratio from 9.88% to 10.05%.
The investment bank also increased its holdings of Zijin Mining Group by HK$0.222 billion, increasing its shareholding ratio from 6.98% to 7.19%, and by HK$0.287 billion in Anhui Hailuo Cement Co., Ltd., increasing its shareholding ratio from 5.56% to 6.53%.
According to previous disclosure of documents, on September 27, J.P. Morgan Chase purchased China Pacific Insurance H shares worth HK$0.267 billion, BYD H shares worth HK$1.791 billion, and Tsingtao Brewery H shares worth HK$0.242 billion.