JPMorgan Chase (JP Morgan Chase & amp； Co) is one of the oldest and largest financial services groups in the world, which was formed by the merger of Chase Bank, JPMorgan Chase and Fleming Group in 2000.
* Chase Manhattan Company 1799 was established by Manhattan Company to supply water to new york City. By 1922, Chase Manhattan Company had become the national leader in industrial and commercial loans and the largest bank in the United States within six years.
J.P. Morgan Company is a British commercial bank founded by John Pierpont Morgan's father in London. /kloc-at the end of 0/9 and the beginning of the 20th century, the company played an important role in the start-up and financing of some well-known enterprises, including American steel, general electric appliances and American telephone and telegraph.
* Fleming Group is a global investment banking group headquartered in London, and its business in Asia operates under the name of Jardine Matheson, which was the first investment banking group established by Fleming and Jardine Matheson in this region on 1970.
The merged JPMorgan Chase mainly operates in two major areas: one is to provide global financial wholesale business for enterprises, institutions and wealthy individuals in the name of JPMorgan Chase; The second is to provide retail banking services to 30 million customers in the United States under the brand of "Chase Bank". Its financial services include stock issuance, M&A consulting, bonds, private banking, asset management, risk management, private placement and fund management.
JPMorgan Chase is one of the most profitable banks in the world, with assets exceeding $700 billion and funds under management exceeding $630 billion. The company has 772 sales staff worldwide, covering nearly 5,000 institutional investors. The stock research covers 5238 listed companies, including 3 175 Asian companies. Since 1998, the stock price trend of JPMorgan Chase, as the lead underwriter, has been outstanding after listing, with an average increase of 17% after one week, 27% within one month and 37% within three months. The company has more than 90,000 employees worldwide and provides services in major financial centers. Headquartered in Hongkong, JPMorgan Chase Asia Pacific has 8,500 employees in 23 cities in 65,438+05 countries in the Asia Pacific region. Since 1993, JPMorgan Chase has ranked first among Asian stocks and stock-related issues. Since 1993, the company has underwritten 88 stock transactions for Asian companies, and the financing has exceeded1500 million USD.
JPMorgan Chase (new york Stock Exchange code: JPM, TYO code: 8634) is a financial holding company, which was established on 1968 according to the laws of Delaware. Headquartered in new york, USA, it is a multinational financial service institution and one of the largest banks in the United States, with operations in 50 countries.
JPMorgan Chase was formed by the merger of Chase Bank and JPMorgan Chase in 2000. Its business includes investment banking, personal and commercial financial services, financial transaction processing, investment management and personal banking. It has more than 90 million customers, including many large wholesale customers.
In 2004, JPMorgan Chase acquired the First Bank of Chicago and appointed Jamie Dimon, CEO of the First Bank of Chicago, as the chief operating officer, becoming the successor of the current CEO.
office
JPMorgan Chase is headquartered in One Chase Manhattan Plaza in Manhattan, and part of its banking business has been transferred to JPMorgan Chase Building in Houston, Texas.
The merged JPMorgan Chase mainly operates in two major areas: one is to provide global financial wholesale business for enterprises, institutions and wealthy individuals in the name of JPMorgan Chase; The second is to provide retail banking services to 30 million customers in the United States under the brand of "Chase Bank". Its financial services include stock issuance, M&A consulting, bonds, private banking, asset management, risk management, private placement and fund management.
This corporate brand ranks 72nd in the 2006 Top 500 World Brands compiled by the World Brand Lab and 38th in the 2006 Global 100 Big Companies Ranking published by Barron's Weekly. This enterprise ranked 3rd1in the ranking of Fortune 500 enterprises in 2007.
The Development Course of JPMorgan Chase Company
J P Morgan Company is a bank holding company holding all the shares of Morgan Bank, which was established on1February 20, 968.
Morgan Bank, formerly known as new york Morgan Guarantee Trust Company, was formed by the merger of two commercial banks on April 20th, 1959. One is also called J P Morgan Company, and the other is new york Guarantee Trust Company.
J·P· Morgan Company, which forms new york Morgan Guarantee Trust Company, was established in 1860 and named after J. pierpont Morgan. At the beginning of the company, it was just a personal office, specializing in foreign exchange trading. Since then, the business has continued to develop. 1864 was renamed Dabney Morgan Company, 187 1 was renamed Dechong Securities Morgan Company, and 1895 was renamed J P. Morgan Company. Since its early days, the company has been closely related to the historical events in American financial circles. During the first world war, the company made a fortune by taking over the financial business from the United States to Western Europe. According to 1933 Banking Law, Morgan Company was changed into a commercial bank, and the original investment banking business was handed over to Morgan Stanley. After 1940, Morgan Company was changed from a partnership company to a joint stock limited company and began to operate trust business.
New york Guarantee Trust Company was established in 1864, and 1896 was renamed as new york Guarantee Trust Company. 19 10 merged Morton Trust Company and Fifth Avenue Trust Company, 19 12 merged Standard Trust Company, and 1929 merged commercial banks.
After World War II, the competition in American banking became increasingly fierce. Morgan Company and new york Guarantee Trust Company merged into new york Morgan Guarantee Trust Company, which strengthened its strength and enabled it to compete more effectively. At the end of 1960s, J.P. Morgan Company was established as the holding company of Morgan Bank-new york Morgan Guarantee Trust Company, and its business scope was further expanded. In order to adapt to the changes of domestic and international financial markets, the company has set up some new subsidiaries, including 197 1 23-6 company (1976 changed its name to Morgan Social Development Company), 198 1 Morgan Futures Company and1.
Since 1990s, with the arrival of information wave, the company's business scope has been further expanded, such as launching online banking to provide users with more convenient credit card services. The bank's business has spread all over the world and the company's scale has been further expanded. However, the company has been in line with the principles of sincerity, justice and fairness, providing quality services to thousands of customers in Qian Qian all over the world.
JPMorgan Chase has been in Hong Kong for 30 years, and has been rated as the best and most influential investment bank in Hong Kong for many times, and has rich experience in carrying out complex listing and issuance in Hong Kong. 199165438+1October, JPMorgan Chase served as the joint global coordinator and successfully issued TraHK. JPMorgan Chase played an important role in this $4.3 billion transaction, and received the highest institutional demand among the underwriting syndicate, accounting for 32% of the total orders of institutional investors and 6.4% of retail orders. Since 1987, JPMorgan Chase has been investing and developing investment banking business in China, underwriting many projects issued by state-owned enterprises, including a number of H-share reorganization and listing projects: Huaneng International Power, Anhui Conch, Chengyu Expressway and so on. B shares, Yitai Coal Mine in Inner Mongolia, etc. , and n shares of Huaneng International Power. In May this year, JPMorgan Chase served as co-lead bank and bookkeeper in the issuance of 1 USD 10-year bonds issued by the Ministry of Finance of China. Previously, he also served as the lead underwriter of $6,543.8 billion century bonds and $500 million 7-year global bonds of the Ministry of Finance. In 2000, JPMorgan Chase served as the financial advisor of Huaneng International's acquisition of Shandong Huaneng.
On June 14, 2004, the Federal Reserve issued a statement approving the merger plan of Bank of JPMorgan Chase and the First Bank of the United States. The total assets of the merged New JPMorgan Chase Bank reached $65,438+0.10.02 trillion, surpassing Bank of America in one fell swoop, and only one step away from Citigroup, the largest bank with assets of $65,438+0.10.09 trillion. Its business will also expand from New York to the whole midwest, becoming the second truly cross-regional bank after Citigroup.
JPMorgan Chase's China Strategy
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March into China
JPMorgan Chase's long history in China market can be traced back to the early 20th century. 1909, JP Morgan is the bond underwriter of Huguang Railway. During the period of 1920, Chase Bank opened offices in Shanghai and Tianjin to provide financial services to local and foreign institutions.
The relationship between JPMorgan Chase and New China began at 1973, when david rockefeller, then chairman of Chase Bank, led the first American business delegation to visit China. Chase Bank became the first American correspondent bank of China Bank in that year, and became one of the first American banks to open an office in Beijing on 1982.
On June 5438- 10, 2003, JPMorgan Chase was approved by China Securities Regulatory Commission and qualified as QFII. This is another important step for JPMorgan Chase to enter China's financial market.
Morgan Fleming, a fund company owned by JPMorgan Chase, signed an agreement with Shanghai SDIC to set up a joint venture fund company. As a commercial bank, JPMorgan Chase has obtained a license to engage in RMB business and foreign exchange, which provides a good foundation for its business in China, including investment banking.
Harrison, chairman of JPMorgan Chase, pointed out that international financial institutions like JPMorgan Chase can use their valuable experience to help China build a dynamic and innovative financial service industry. They have mastered various tools necessary for this process, such as rich knowledge and experience in risk management, extensive contact with global capital markets, and first-hand information on creating a new financial market that disperses risks and promotes competition. Harrison said that he would share these tools and China's wealth with China.
Investment banking entered the top three in Asia-Pacific.
For some time, although JPMorgan Chase is the second largest financial institution in the United States and a model of integrated financial services group, neither commercial banks nor investment banks have received much attention in China. What is the reason for it
JPMorgan Chase's commercial banking business is mainly wholesale banking business, with little retail banking business. Because in its business philosophy, doing wholesale business is more conducive to management. JPMorgan Chase also adhered to this principle in China, so it was not taken seriously by the public. As far as investment banking is concerned, JPMorgan Chase and Chase Manhattan were both commercial banks before their merger in September 2000, although JPMorgan Chase has obtained special approval from the US Securities and Exchange Commission to engage in securities business. After the merger, investment banking in JPMorgan Chase started almost from scratch, especially in China.
After three years of hard work, JPMorgan Chase's investment banking business has achieved good results. In the global investment banks, equity financing and bond financing have achieved the top five results, entered the top three in the Asia-Pacific region, and have won the top spot in South Korea and Taiwan Province Province of China.
Only in June 5438+10, JPMorgan Chase did six businesses in the Chinese mainland market:
JPMorgan Chase is one of the global joint bookkeepers of the $6,543.805 billion bonds issued overseas by the China government.
In the project of China Telecom's acquisition of network assets in six provinces and cities from its parent company for nearly 80 billion yuan, JPMorgan Chase was an independent financial consultant.
CNOOC signed Gauguin project to acquire Australia, with an estimated amount of 300 million US dollars. JPMorgan Chase is one of the financial advisers;
For the $654.38+RMB 800 million convertible bond project issued by CITIC International Finance, JPMorgan Chase is the independent account book manager and global joint coordinator;
JPMorgan Chase is an independent bookkeeper and an independent global coordinator of the $654.38+0.5 billion convertible bond project invested and issued by CTS International.
In the acquisition of ZTE chip factory by Motorola, JPMorgan Chase served as the financial advisor of Motorola.
Recruit senior talents
Focusing on the China market, JPMorgan Chase has deployed more than 65,438+0/3 Asian employees in Greater China. JPMorgan Chase has stepped up its efforts in China, and hired several influential investment bankers from other institutions.
JPMorgan Chase adheres to the global chess game strategy, and uses the advantages of comprehensive financial holding to conduct all-round business in every part of the world.