JPMorgan significantly increased its investment in China's assets. In a single trading day, JPMorgan invested approximately 1.286 billion Hong Kong dollars in stocks of several large Chinese companies.
According to data from the Hong Kong Stock Exchange, JPMorgan increased its stake in Xpeng by approximately 0.639 billion Hong Kong dollars, raising its ownership from 4.57% to 5.35%. Additionally, it increased its investment in Kanzhun by approximately 0.138 billion Hong Kong dollars, raising its ownership from 9.88% to 10.05%.
The investment bank also increased its stake in Zijin Mining Group by 0.222 billion Hong Kong dollars, raising its ownership from 6.98% to 7.19%, and increased its stake in Anhui Conch Cement Co., Ltd. by 0.287 billion Hong Kong dollars, raising its ownership from 5.56% to 6.53%.
Previous disclosures revealed that on September 27, JPMorgan purchased H-shares of China Taiping Insurance worth 0.267 billion Hong Kong dollars, H-shares of BYD Company Limited worth 1.791 billion Hong Kong dollars, and H-shares of Tsingtao Brewery worth 0.242 billion Hong Kong dollars.