JPMorgan Chase has significantly increased its investment in Chinese assets, acquiring a considerable amount of stock in several major companies. According to the Hong Kong Stock Exchange data, the firm expanded its stake in XPeng Inc. (XPEV, Financial) by approximately HKD 639 million, raising its holding from 4.57% to 5.35%. Additionally, it increased its investment in Boss Zhipin by about HKD 138 million, elevating its stake from 9.88% to 10.05%.
The investment bank also boosted its holdings in Zijin Mining Group by HKD 222 million, raising its ownership from 6.98% to 7.19%, and in Anhui Conch Cement by HKD 287 million, increasing its stake from 5.56% to 6.53%. In total, JPMorgan invested approximately HKD 1.286 billion in these Chinese stocks in a single day.
Previous disclosures revealed that on September 27, JPMorgan purchased HKD 2.67 billion worth of China Pacific Insurance H-shares, HKD 17.91 billion of BYD Company H-shares, HKD 2.42 billion of Tsingtao Brewery H-shares, and HKD 18.13 billion worth of Hong Kong Exchanges and Clearing H-shares. This significant activity indicates that JPMorgan spent over HKD 4.1 billion acquiring Chinese assets within a single day.
Further disclosures for September 26 indicated a purchase of HKD 1.771 billion of Ping An Insurance H-shares, and on September 25, HKD 895 million of China Merchants Bank H-shares. Over the last three days, data shows that JPMorgan has invested over HKD 8 billion in Chinese assets.
