4 October 2022 | Other

JPMorgan has to pay $1 billion for getting full ownership of the Chinese mutual fund

On Tuesday, Shanghai United Asset and Equity Exchange has announced that JPMorgan has to pay $1 billion in order to become the only shareholder of the Chinese mutual fund called China International Fund Management Co (CIFM). According to the announcement, analysts consider the deal price to be quite high.

JPMorgan has to purchase 49% of the fund’s stock in order to get full ownership. The company started to consider this step after the Beijing’s decision, which was made in the beginning of this year, to fully open up the mutual funds’ industry to foreign companies.

In April, the JPMorgan company has already come to an agreement with another partner, Shanghai International Trust Co, for full ownership of the fund.

Company MarketCheese
Period: 30.10.2025 Expectation: 22800 pips
Buying ETHUSD if bullish reversal occurs
Today at 10:30 AM 13
Period: 30.10.2025 Expectation: 340 pips
Natural gas selloff as warm weather forecasts come into play
Today at 10:30 AM 13
Period: 30.11.2025 Expectation: 550 pips
Selling SPX down to $6,550
Today at 09:23 AM 9
Gold sell
Period: 31.10.2025 Expectation: 1000 pips
Selling gold in anticipation of stronger US dollar
Today at 09:21 AM 11
Gold sell
Period: 31.10.2025 Expectation: 10000 pips
Selling gold from $4,240 support
Today at 05:18 AM 19
Period: 25.10.2025 Expectation: 1600 pips
Selling GBPUSD amid lower UK inflation
Yesterday at 10:29 AM 34
Go to forecasts