摩根基金管理（中国）有限公司

What 摩根基金管理（中国）有限公司 does

摩根基金管理（中国）有限公司 (Morgan Fund Management (China) Co., Ltd.) is the onshore China fund management subsidiary of JPMorgan Chase & Co. (NYSE: JPM), operating under the public brand 摩根资产管理 / J.P. Morgan Asset Management. Incorporated in 2004 (originally as 上投摩根基金管理有限公司, a Sino-foreign JV between Shanghai International Trust Investment Co., Ltd. and JPMorgan's asset management arm) and formally renamed in April 2023, the firm is headquartered in Shanghai's Pudong New Area with additional branches in Beijing and Shenzhen. It is regulated by the China Securities Regulatory Commission (CSRC) and serves both individual retail investors (retirement, education, overseas allocation, cash management) and institutional clients through a hybrid direct/channel GTM motion — the company runs its own e-trading platform (etrade.51fund.com), mobile APP, WeChat service account, and dedicated sales centers, while also distributing through major Chinese banks (ICBC, CCB, ABC, BOC, CMB, SPDB), securities/ChinaSecurities Depository and Clearing, and third-party fund platforms.

The firm's product set spans more than 100 public mutual funds across eight categories: equity, mixed allocation (偏股/偏债), bond, money market, index/ETF, QDII (offshore), Hong Kong-China mutual recognition (recognized funds), and FOF, including thematic strategies (emerging power, smart internet, new energy, healthcare, advanced manufacturing, Hong Kong Stock Connect), retirement-targeted FOFs, and AI-themed index products (CSI A500, STAR 50). Underlying investment operations are powered by the proprietary Spectrum investment platform inherited from the parent — covering investor insights (AI/data science over structured/unstructured research with ESG factors), portfolio management (real-time risk monitoring), and trade execution (automated workflows combined with machine-learning models for alpha capture). The Spectrum platform globally has produced 51,000+ research items, supports 11,000+ portfolios, manages over $3 trillion in AUM, and has processed $7.5+ trillion in trading volume across 460 million transactions.

The business model is fee-based asset management. Revenue is generated primarily through management fees on AUM (e.g., ~1.5% annually for equity funds, 0.2%-0.6% for bond and money market funds), plus front-end subscription fees (typically 1.5% on equity, with 4-8折 discounts across electronic channels) and short-holding redemption fees (1.5% under 7 days); certain bond and money market funds also carry sales service fees of 0.20%-0.40%. The company holds a wholly-owned private asset management subsidiary, 尚腾资本管理有限公司, and historically has been recognized via FS Tech and US FinTech Awards (2020-2024) for trading-platform and AI-application capabilities.

Name

摩根基金管理（中国）有限公司

Legal name

摩根基金管理（中国）有限公司

Website

https://cifm.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

摩根基金管理（中国）有限公司 is the China onshore mutual fund subsidiary of JPMorgan Chase & Co., operating as 摩根资产管理 / J.P. Morgan Asset Management. It serves Chinese retail and institutional investors with 100+ equity, bond, money market, index, QDII, and FOF products distributed via direct platforms and partner banks.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Target-Risk / Risk-Managed Allocation Funds (FSAAAEAG)

akta.pro secondary industries

Fixed Income Mutual Funds (FSAAAEAB), Money Market Funds (FSAAAEAC), Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL), Index Mutual Funds (Non-ETF) (FSAAAEAE)

Keywords

• Public mutual funds
• Asset management
• Fund distribution
• Investment management
• Wealth management

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: Earns management fees from managing various fund products including equity funds, bond funds, hybrid funds, money market funds, index funds, QDII funds, and FOF funds. Fees are typically charged as a percentage of AUM (e.g., bond funds at 0.2%-0.6% annually, equity funds at 1.5% annually).
2. Subscription/Redemption Fees: Charges subscription (申购) and redemption (赎回) fees for fund transactions. Rates vary by fund type and holding period (e.g., redemption fee of 1.5% for holdings under 7 days).
3. Sales Service Fees: Some bond funds and money market funds charge sales service fees (销售服务费) as ongoing distribution fees, typically 0.20%-0.40% annually.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

摩根基金管理（中国）有限公司 is a China-based public fund management company that issues and manages over 100 open-ended mutual funds across equity, hybrid, bond, money market, index, QDII (overseas), mutual recognition, and FOF categories, and distributes them through a direct online trading platform (etrade.51fund.com), mobile app, WeChat service account, and dedicated sales centers. It earns management fees, subscription/redemption fees, and sales service fees on assets under management, and leverages the global J.P. Morgan Asset Management investment platform (Spectrum) for investment research and execution.

Product overview

摩根基金管理（中国）有限公司的基金销售和服务平台以「基金超市」为核心，辅以电子直销交易系统、官方APP及微信服务号，构建全品类、全渠道的公募基金产品矩阵。产品线覆盖股票型基金（如摩根红利优选、摩根新兴动力）、混合型基金（偏股/偏债，含摩根科技前沿、摩根安通回报等）、债券型基金（含纯债系列、持有期系列、绿色债券等）、货币市场基金（摩根货币、摩根天添盈E等现金管理工具）、指数型基金（覆盖中证A50/A500、标普500、恒生科技、纳斯达克100等境内外宽基与行业指数）、QDII海外基金（含摩根亚太优势、摩根日本精选等）及香港互认基金（摩根亚洲系列、摩根国际债券系列）、FOF基金（养老目标系列及ETF-FOF等）。此外，公司通过「优惠购」和「目标投」等电子直销特色服务，为个人投资者提供差异化基金交易体验，并依托集团Spectrum投资平台，运用机器学习与AI技术驱动投资决策和交易执行优化。

Differentiator

Problem solved

Functional benefit

Products and services

• Fund Supermarket (基金超市) Open-ended mutual fund product showcase and online trading platform supporting investors with account opening, fund subscription, redemption, conversion, regular fixed-amount investment, and dividend distribution method modifications. Covers all product categories: equity, hybrid, bond, money market, index, QDII, mutual recognition, and FOF.
• Equity Funds (股票型基金) Equity funds investing primarily in stocks across diverse themes (dividend, growth, blue-chip, new energy, healthcare, technology, smart internet, national security, etc.) with A/C/H share classes offering different fee structures. Targeted at retail investors seeking capital appreciation and stock-market exposure.
• Balanced / Hybrid Funds (混合型基金) Mixed-asset funds balanced between stocks and bonds (偏股 / 偏债) with targeted holding periods (e.g., 6 months, 1 year, 2 years) and various investment themes (alpha, growth, dividend, healthcare lifestyle, quantitative multi-factor, HK Stock Connect, etc.). Targeted at investors seeking balanced risk-return profiles.
• Bond Funds (债券型基金) Fixed-income funds investing in bonds with various strategies (pure bond, dual-bond enhancement, regular fixed holding period of 30-90 days, 38/87-month regular open, green bond, rate-bond, etc.) and A/B/C/D share classes. Targeted at conservative investors seeking stable fixed income.
• Money Market Funds (货币型基金) Money market funds with zero subscription and redemption fees as liquidity/cash management tools. A/B/C/D/E share classes tailored for different distribution channels and investor types. Targeted at investors seeking idle-cash management.
• Index Funds (指数型基金) Index-tracking funds including ETFs and Feeder (联接) structures covering MSCI China A, S&P 500, S&P HK Stock Connect Low Volatility Dividend, FTSE Developed Markets REITs, Hang Seng Tech, Hang Seng Biotech, CSI 300 Free Cash Flow, Nasdaq 100, CSI A500, CSI A50, CSI Innovative Drug Industry, STAR 50 AI, STAR 50 New-Gen IT, ChinaBond 1-3Y CDB, and CSI A500 Enhanced. Multiple share classes (USD/HKD/RMB, A/C/I/Y/E/ETF). Targeted at investors seeking passive index exposure.
• QDII Overseas Funds (QDII基金) QDII (Qualified Domestic Institutional Investor) overseas funds investing in markets outside Mainland China — including Europe, Japan, Asia-Pacific, global emerging markets, global natural resources, global multi-asset allocation, and overseas Chinese healthcare companies. Multiple currency share classes (USD/HKD/RMB). Targeted at investors seeking overseas asset allocation.
• Mutual Recognition Funds (互认基金 - Hong Kong) Mainland-Hong Kong Mutual Recognition of Funds (MRF) products offering access to Hong Kong-domiciled strategies across Asian bonds, Asian dividends, Asian equity, Asian growth, international bonds, Pacific securities, Pacific tech, and Hong Kong equities. Multiple currency and distribution share classes (USD/HKD/RMB, hedged/accumulating/distributing). Targeted at investors seeking qualified Hong Kong fund exposure.
• FOF Funds (基金中基金) Fund-of-Funds (FOF) products including balanced allocation, pension-target series, ETF-FOF, and bond FOF — with defined holding periods (3 months, 6 months, 1 year, 3 years) and A/C/Y share classes. Targeted at retirement planning and diversified fund-of-funds allocation.
• Mobile Trading App (摩根资产管理 APP) Official mobile application for fund subscription, redemption, account management, and personalized investment services. Supports multiple fund categories and payment methods. Targeted at retail individual investors.
• WeChat Trading Service (官方微信) WeChat-based service account providing fund information, market insights, transaction services, and account management integrated with WeChat Pay. Targeted at retail individual investors using WeChat as their primary mobile channel.

Quantifiable outcome

• Over 1,000 investment experts serving clients across 70+ markets
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration24 records

AI capability3 records

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core.

• 通联支付网络服务股份有限公司coreTechnology or IntegrationPayment processing services for fund transactions, supporting quick pay functionality for multiple banks
• 中国银行股份有限公司coreChannel Partner/ Reseller/ DistributorBank card verification, fee reconciliation, and transaction status review for fund trading
• 中国工商银行股份有限公司coreChannel Partner/ Reseller/ DistributorPayment processing and bank card verification services for fund transactions
• 中国建设银行股份有限公司coreChannel Partner/ Reseller/ DistributorOnline banking payment and transaction processing services
• 中国农业银行股份有限公司coreChannel Partner/ Reseller/ DistributorQuick pay and transaction services for fund distribution
• 交通银行股份有限公司coreChannel Partner/ Reseller/ DistributorPayment processing services for fund transactions
• 中国民生银行股份有限公司coreChannel Partner/ Reseller/ DistributorOnline banking and quick pay services for fund transactions
• 上海浦东发展银行股份有限公司coreChannel Partner/ Reseller/ DistributorQuick pay payment processing for fund transactions
• 中信银行股份有限公司coreChannel Partner/ Reseller/ DistributorPayment processing and transaction services
• 中国邮政储蓄银行股份有限公司coreChannel Partner/ Reseller/ DistributorQuick pay services for fund transactions
• 中国证券登记结算有限公司coreTechnology or IntegrationCustomer account opening, fund transactions, centralized backup, and pension fund transaction services
• 微信SDK (深圳市腾讯计算机系统有限公司)coreTechnology or IntegrationWeChat integration and payment services for the app

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• GF Fund Management Co., Ltd. Top-tier Chinese mutual fund manager with comprehensive product line including equity, hybrid, bond, index, and QDII funds. Direct comparable as a domestic competitor in the same fund supermarket segments.
• E Fund Management Co., Ltd. One of China's largest domestic public mutual fund managers and a frequent head-to-head competitor for retail AUM in the same equity, hybrid, bond, and index categories as 摩根基金(中国). Comparable in product breadth and fund supermarket distribution.
• China Southern Asset Management Co., Ltd. Leading China-domestic public mutual fund manager with broad active and passive offerings. Competes head-to-head with 摩根基金(中国) for retail flows and is one of the established alternative asset managers in the same product categories.
• Harvest Fund Management Co., Ltd. Major Chinese public mutual fund manager offering diversified equity, balanced, bond, and money market products. Comparable as a scaled domestic competitor in the same fund supermarket category.
• China Asset Management Co., Ltd. Top-tier China-domestic public mutual fund manager with broad equity, fixed income, and money market offerings. Comparable as a direct competitor for the same Chinese retail and institutional mandates across all major asset classes.
• BlackRock Fund Management (China) Co., Ltd. Foreign-owned public mutual fund manager in China and one of the closest structural peers. Like 摩根基金(中国), BlackRock China operates a similar fund supermarket, brings global parent capabilities to Chinese investors, and competes for the same retail and institutional mandates under the same CSRC regulatory regime.
• Fidelity Funds (China) Co., Ltd. Foreign-affiliated public mutual fund manager in China operating under the global Fidelity brand. Comparability comes from shared positioning as a global-branded, China-only public mutual fund manager targeting Chinese retail and institutional clients with diversified fund products.
• Schroder BOC Fund Management Co., Ltd. Joint venture between Schroders and Bank of Communications offering public mutual funds in China. One of the longest-running foreign JV mutual fund managers in China, with a comparable multi-product offering and dual local/global governance model.

Broad incumbents

• Goldman Sachs Asset Management: Global asset management incumbent with selective China presence. Comparable as a global AM brand entering or operating in China with overlapping institutional and qualified-investor offerings, though broader in scope than 摩根基金(中国)'s purely domestic public mutual fund focus.
• UBS Asset Management: Global asset management incumbent operating across multiple channels in China and Asia. Comparable as a global AM parent extending institutional and wealth capabilities into the Chinese market with a portfolio approach rather than a single-entity domestic fund supermarket.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/china-international-fund-management-co.-ltd

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 摩根基金管理（中国）有限公司