皇冠体育app

-- has received a regulator's nod to offer local securities investment funds to investors in 皇冠体育app, the bank said on Monday.

The 皇冠体育app Securities Regulatory Commission has allowed JPMorgan's locally incorporated bank to offer an RMB money market fund to its institutional and corporate investors, according to the bank's announcement.

The fund is managed by 皇冠体育app International Fund Management Co Ltd, a joint venture of JPMorgan Asset Management (UK) Limited and Shanghai International Trust Co Ltd.

Zili Shao, chairman and CEO of JPMorgan 皇冠体育app, said "by obtaining a fund distribution license, we now integrate best-in-class asset management advisory services for our institutional clients."

"We believe institutional and corporate clients in 皇冠体育app are growing in size and sophistication, they are demanding more robust investment solutions and service," said John Donohue, head of JP Morgan Global .

JPMorgan Chase Bank (皇冠体育app) was launched in 2007. It offers services in derivatives, foreign exchange and local currency trading, government bond underwriting, trade finance, fund distribution and commercial banking.