Fangda advised JP Morgan on setting up China’s first wholly foreign-owned securities company
Fangda Partners has advised JP Morgan to set up China’s first wholly foreign-owned securities company. On August 6, 2021, JPMorgan announced that the China Securities Regulatory Commission had approved its application to be the sole controlling shareholder of JPMorgan Chase Securities (China) Co., Ltd.
Headquartered in New York, JP Morgan is an American multinational investment bank providing financial services. It has acted as a sponsor in IPOs of many US or Hong Kong listed Chinese companies, including KE Holdings, Nayuki, XPeng and Bilibili.
The Fangda team was led by partner Ren Zhiyi.
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