Skip to content

JPMorgan’s ‘Uninvestable’ Call on China Was Published in Error

  • Bank cut the label from most research notes before publication
  • Controversy underscores debate over investments in China
Video player cover image
JPMorgan’s ‘Uninvestable’ Call on China Internet Firms Was Published in Error

In the buttoned-down world of Wall Street research, JPMorgan Chase & Co.’s description of Chinese Internet companies was an instant shocker: “uninvestable.”

The evocative label helped erase about $200 billion from U.S. and Asian markets and prompted one Chinese technology company to downgrade JPMorgan’s underwriting role on an upcoming initial public offering.