Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
4 October 2022 | Other

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

JPMorgan Chase & Co

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

Recommended

Japan. Retail Sales (YoY). The value of the indicator has decreased from 1.7% to 1%
25 December
Japan. Unemployment Rate. The value of the indicator remained at the same level of 2.6%
25 December
European Union. CFTC EUR speculative positions. The value of the indicator has increased from 138.8K to 144.9K
23 December
Japan. CFTC JPY speculative net positions. The value of the indicator has decreased from 17.4K to -2.9K
23 December
Australia. CFTC AUD speculative net positions. The value of the indicator has increased from -62.9K to -21.9K
23 December
Top news
United States. GDP (QoQ). The value of the indicator has increased from 3.8% to 4.3%
23 December
Japan. BoJ Interest Rate Decision. The value of the indicator has increased from 0.5% to 0.75%
19 December
United States. CPI (YoY). The value of the indicator has decreased from 3% to 2.7%
18 December
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
18 December
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
18 December
All news

Forecasts

AUDCAD buy
Period: 02.01.2026 Expectation: 740 pips
Central bank policy split drives AUDCAD higher
TA Other FA Other Technical analysis Indicators Fundamental analysis
26 December 2025 63
Lyra_Moonwell1
Brent sell
Period: 09.01.2026 Expectation: 200 pips
Rebound won’t help Brent crude to break out of downtrend
Chart analysis Hot news Indicators
26 December 2025 39
John_Bullard
GBPUSD buy
Period: 02.01.2026 Expectation: 1180 pips
GBPUSD set to resume uptrend after holiday break
Indicators and reports FA Other Technical analysis Indicators Fundamental analysis
26 December 2025 50
Emily_Foster
USDCAD neutral
Period: 28.02.2026 Expectation: 600 pips
Selling USDCAD from 1.4030
TA Other FA Other
26 December 2025 27
Bruce_Powers
Brent sell
Period: 31.01.2026 Expectation: 150 pips
Selling Brent crude down to $60.90
TA Other FA Other
26 December 2025 25
McCarthy_Raymond
Natural gas sell
Period: 01.01.2026 Expectation: 362 pips
Natural gas selloff amid ongoing downtrend and weak demand
TA Other FA Other Technical analysis Indicators Fundamental analysis
25 December 2025 53
Lyra_Moonwell1
Go to forecasts