Interim Management Statement

JPMorgan Chinese Inv Tst PLC
30 January 2008


                     JPMorgan Chinese Investment Trust plc
                                (the 'Company')

                          Interim Management Statement

                 For the three months ended 31st December 2007


This interim management statement relates to the quarter from 1st October 2007
to 31st December 2007 and contains information that covers that period, unless
otherwise stated.

Financial performance - Cumulative Total Return *

                         1 Month      3 Months       1 Year       3 Years      5 Years      10 Years

Share price                  4.6%         -0.9%         40.3%        141.2%       254.7%       139.0%
Net asset value              0.4%          1.4%         53.0%        157.0%       264.3%       139.0%
Benchmark                    0.8%          0.0%         35.3%        102.8%       187.6%        73.5%


* total return with net dividends reinvested

Source: JPMAM/Fundamental Data


Financial position

                                     As at 31st                    As at 29th
                                    December 2007                 January 2008

Total assets                           £114.1m                       £96.2m
Share price                            138.0p                        115.8p
Net asset value                        150.9P                        125.5p
Discount                                8.6%                          7.8%
Gearing                                106.1%                        105.6%


Share prices shown are closing bid

Net asset values are shown excluding income with debt at fair value

Source: JPMAM/Fundamental Data


Material events

Following a ruling by the European Court of Justice, HM Revenue and Customs has
recently accepted that VAT will no longer be charged on investment management
fees.  For the Company it may also be possible to recover some of the VAT paid
in the past on management fees. The quantum of any such repayment is subject to
a number of legal and procedural considerations, and it may take some time for
confirmation of entitlement to any refunds and the timing of any repayments to
be determined.


Material transactions


Changes to share capital

                                                             Ordinary Shares of 25p
Shares in issue as at 1st October 2007                       75,462,001
Shares bought back and cancelled                             -
Shares issued - new                                          -
Shares bought back into treasury                             663,000
Shares issued - from treasury                                -
As at 31st December 2007                                     75,462,001

During the quarter, the Company made market purchases of 663,000 of its own
shares into treasury, representing 0.88% of the shares outstanding at the
beginning of the financial year, at an average discount of 15.73%. The Company
has not issued any shares from treasury in this financial quarter.


Portfolio

Top ten holdings as at 31st December 2007

Stock name                                       Sector                                     Weight %
China Mobile                                     Telecommunication Services                 9.0
JF China Pioneer 'A' Share Fund                  Financials                                 8.0
Cheung Kong                                      Financials                                 4.8
China Life Insurance                             Financials                                 4.5
Hong Kong Exchanges and Clearing                 Financials                                 3.4
China Shenhua Energy                             Energy                                     3.3
China Construction Bank                          Financials                                 3.1
CNOOC                                            Energy                                     3.0
China Merchants Bank                             Financials                                 2.8
China Petroleum & Chemical                       Energy                                     2.8


Sector Breakdown as at 31st December 2007

                                                      Portfolio %

Financials                                            41.5
Information Technology                                14.9
Consumer Discretionary                                9.2
Energy                                                9.1
Telecommunication Services                            9.0
Industrials                                           7.6
Materials                                             4.7
Utilities                                             1.1
Other                                                 1.1
Consumer Staples                                      0.8
Cash                                                  1.0
Total                                                 100.00


Geographical Breakdown as at 31st December 2007

                                                     Portfolio %

Hong Kong                                                   31.6
Hong Kong H                                                 24.2
Taiwan                                                      18.0
Hong Kong Red Chip                                          13.0
China A Share                                                8.0
China - Others                                               2.6
Shanghai B Shares                                            0.8
Shenzhen B Shares                                            0.8
China - H                                                    0.0
Other                                                        0.0
Cash                                                         1.0
Total                                                     100.00


By order of the Board

Lucy Dina, for and on behalf of
JPMorgan Asset Management (UK) Limited, Secretary
Tel: [phone]
30th January 2008


Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ

This interim management statement has been prepared solely to provide
information to meet the requirements of the UK Listing Authority's Disclosure
and Transparency Rules.

Please note that up to date information on the Company, including daily NAV and
share prices, factsheets and portfolio information can be found at
www.jpmchinese.co.uk


                      This information is provided by RNS
            The company news service from the London Stock Exchange