Rooted locally and connecting globally, the 30 trillion yuan asset management giant is deeply exploring opportunities in China

Recently, four institutions, including J.P. Morgan Asset Management, reported that their Hong Kong Recognized Funds have been approved. This marks a new batch of recognized fund products approved since the implementation of the Hong Kong Recognized Fund Management Regulations on January 1, 2025.

As a well-established asset management firm with over 150 years of history, J.P. Morgan Asset Management has infused its deep global expertise into the Chinese market. After fully acquiring and renaming J.P. Morgan Asset Management (China) in 2023, the company has embarked on a new journey of localization. The firm focuses on building strong investment research capabilities, with investment performance and scale advancing simultaneously in active equity, ETFs, “Fixed Income+,” and multi-asset fields, becoming an important example of an international asset manager rooted in China.

A Decade of Dedication, Committed to High-Quality Development

Hong Kong Recognized Funds are funds established and publicly sold in Hong Kong, registered with the China Securities Regulatory Commission (CSRC) for public sale in mainland China. Since its launch in 2015, the recognition scheme has been running for ten years and has become an important channel for mainland investors to achieve diversified asset allocation.

Public data shows that as of January 31, 2026, there are 44 Hong Kong Recognized Funds in the market, with a total scale of approximately 126 billion RMB, involving over 20 overseas asset management institutions. (Data source: China Securities Regulatory Commission, State Administration of Foreign Exchange.)

Wang Qionghui, General Manager of J.P. Morgan Asset Management China, stated: “Since our first participation in the recognition scheme in 2015, we have continuously innovated products and services around client needs. By the end of 2025, we have helped over one million mainland investors achieve more diversified asset allocation.”

Proven Strength and Ongoing Recognition

Currently, J.P. Morgan Asset Management has eight Hong Kong Recognized Funds approved for sale in mainland China. With steady long-term performance and professional client support, the company has gained broad market recognition.

By the end of 2025, J.P. Morgan Recognized Funds have won the “Golden Bull Overseas Recognized Fund” award for eight consecutive years, accumulating 13 trophies. In recent awards, the J.P. Morgan Asia Dividend Fund was awarded the “Golden Bull Overseas Recognized Fund” for the fifth time for its outstanding performance*.

The newly approved J.P. Morgan Asia High Dividend Stock Fund also relies on J.P. Morgan Asset Management’s robust active equity platform and strict risk management mechanisms, aiming to deliver long-term stable returns for investors.

Rooted Locally, Integrating Global Active Management Platforms

As a century-old asset management firm under J.P. Morgan Chase, J.P. Morgan Asset Management always regards active management capability as its core strength. By the end of 2025, the firm’s global assets under management (AUM) approached 30 trillion RMB (4.2 trillion USD), with nearly 9 trillion RMB (1.26 trillion USD) in active equity.

According to data from J.P. Morgan Asset Management, Morningstar, and ETF.com, in 2025, the firm performed outstandingly in net inflows for active mutual funds and active ETFs, ranking first globally in the asset management industry.

Behind the trillion-scale assets and leading net inflows is a solid research platform. Globally, the average tenure of stock fund managers at J.P. Morgan Asset Management is about 20 years, with over 500 research analysts, many with 15 to 20 years of industry experience. Over the past year, the global research team covered approximately 4,700 companies, completed nearly 11,000 on-site visits and exchanges, providing solid frontline insights for active investment decisions. (Data source: J.P. Morgan Asset Management, as of Q2 2025)

In the Chinese market, J.P. Morgan Asset Management is committed to building a “locally rooted and globally connected” research platform, maintaining a long-term investment culture, and emphasizing risk management. According to Galaxy Securities, by the end of 2025, the firm’s active equity investment management capabilities ranked in the top ten in the industry over 1-year, 2-year, 3-year, and 20-year periods^.

Looking Ahead, Firmly Committed to “Bullish on China”

2026 marks the 22nd year of J.P. Morgan Asset Management’s deep engagement in China’s public fund industry. Wang Qionghui stated that the firm will continue to uphold the philosophy of “being bullish on China,” integrating global perspectives with local experience, and dedicated to providing high-quality products and services. Meanwhile, the company will adhere to its century-old compliance and risk control traditions, leveraging technology to enhance risk management capabilities, and striving to find certainty amid market uncertainties.

*Awarding organizations include China Securities Journal, reflecting performance up to the previous year. Specific awards include: December 2025, “Five-Year Golden Bull Overseas Recognized Fund” for J.P. Morgan Asia Dividend Fund; December 2024, “One-Year Golden Bull Overseas Recognized Fund” for the same fund; September 2023, “Three-Year Golden Bull Overseas Recognized Fund”; November 2022, “Three-Year Golden Bull Overseas Recognized Fund” for J.P. Morgan Pacific Securities Fund - PRC RMB Hedged Share (Cumulative), and “One-Year Golden Bull Overseas Recognized Fund” for J.P. Morgan Asia Dividend Fund - PRC RMB Hedged Share (Cumulative); November 2021, “One-Year Golden Bull Overseas Recognized Fund” for J.P. Morgan International Bond Fund - PRC RMB Hedged Share (Cumulative), and “One-Year Golden Bull Overseas Recognized Fund” for J.P. Morgan Pacific Technology Fund - PRC RMB Hedged Share (Cumulative); August 2020, “One-Year Golden Bull Overseas Recognized Fund” for J.P. Morgan Asia Total Return Bond Fund, and for J.P. Morgan Pacific Securities Fund; December 2019, “One-Year Golden Bull Overseas Recognized Fund” for J.P. Morgan Asia Dividend Fund and J.P. Morgan International Bond Fund; August 2018, “One-Year Golden Bull Overseas Recognized Fund” for J.P. Morgan Asia Total Return Bond Fund and J.P. Morgan Pacific Securities Fund.

^Data source: Galaxy Securities, as of December 31, 2025. The number of evaluated funds for 1, 2, 3, and 20 years are 52, 49, 48, and 1 respectively. The number of funds evaluated at the end of the period is 54. Based on average scale, the annualized active management return for stocks over 1, 2, 3, and 20 years are 58.14%, 29.59%, 13.11%, and 13.41%, ranking 9th/130, 10th/127, 9th/124, and 8th/31 in the industry. The evaluated entity is J.P. Morgan Fund Management (China) Co., Ltd. The company operates independently from its shareholders, who do not directly participate in fund investment operations.

J.P. Morgan Fund Management (China) Co., Ltd. uses the brand names “J.P. Morgan Asset Management” and “J.P. Morgan Asset Management” in mainland China, consistent with the branding of JPMorgan Chase & Co. Group and its global affiliates’ asset management businesses. The company operates under a strict business separation from its shareholders, who do not directly participate in fund asset investments.

Risk Reminder: Investment involves risks. Please review the relevant fund’s legal documents, including the Fund Contract, Prospectus, and Summary of Fund Product Information, before investing. Past performance does not guarantee future results. Currency fluctuations can affect the value of overseas investments. Investments in emerging markets may be more volatile and sensitive to price changes, with higher risk of capital loss. The economic and political conditions in these markets can be more turbulent than in developed economies, potentially negatively impacting investment value.

The funds described in this document are Hong Kong Recognized Funds registered with the China Securities Regulatory Commission for public sale in mainland China. These funds are established under Hong Kong law, with investment operations and information disclosure governed by Hong Kong regulations and the Hong Kong Securities and Futures Commission. J.P. Morgan Asset Management is part of J.P. Morgan Group’s asset management business. J.P. Morgan Fund (Asia) Limited manages the funds described herein in Hong Kong. J.P. Morgan Fund Management (China) Co., Ltd. holds the fund management qualification approved by the China Securities Regulatory Commission. It is the main distributor of the funds sold in mainland China.

Any forward-looking statements or opinions in this document are as of the date of publication and may change. J.P. Morgan Fund Management (China) Co., Ltd. and J.P. Morgan Asset Management (Asia) Limited are not responsible for any losses resulting from their opinions, suggestions, or statements.

The information in this document does not constitute investment advice or an offer to sell or solicit subscriptions for any securities, investment products, or services. All information is from sources deemed reliable but should be independently verified.

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