JPMorgan Chase increases holdings in multiple Chinese companies including XPeng
JPMorgan Chase increased its holdings in multiple Chinese companies in a single trading day, with a total investment of approximately HKD 1.286 billion. Specific increases include XPeng (increased by HKD 639 million, raising its stake from 4.57% to 5.35%), Boss Zhipin (increased by HKD 138 million, raising its stake from 9.88% to 10.05%), Zijin Mining (increased by HKD 222 million, raising its stake from 6.98% to 7.19%), and Anhui Conch Cement (increased by HKD 287 million, raising its stake from 5.56% to 6.53%). In addition, JPMorgan Chase also purchased H-shares of China Pacific Insurance, BYD, and Tsingtao Brewery on September 27th
JPMorgan Chase significantly increased its investments in Chinese assets. In a single trading day, JPMorgan Chase invested approximately HKD 1.286 billion in several large Chinese companies.
According to data from the Hong Kong Stock Exchange, JPMorgan Chase increased its stake in XPeng by approximately HKD 639 million, raising its ownership from 4.57% to 5.35%. Additionally, it increased its investment in Boss Zhipin by around HKD 138 million, raising its ownership from 9.88% to 10.05%.
The investment bank also increased its holdings in Zijin Mining Group by HKD 222 million, raising its ownership from 6.98% to 7.19%, and increased its holdings in Anhui Conch Cement Company Limited by HKD 287 million, raising its ownership from 5.56% to 6.53%.
Previous filings revealed that on September 27th, JPMorgan Chase purchased H shares of China Pacific Insurance worth HKD 267 million, H shares of BYD Company Limited worth HKD 1.791 billion, H shares of Tsingtao Brewery Co., Ltd. worth HKD 242 million, and more