China Asset Management

From Wikipedia, the free encyclopedia
China Asset Management (ChinaAMC; Chinese: 华夏基金管理有限公司)
IndustryFinancial services
Founded1998; 24 years ago (1998)
HeadquartersBeijing, China
Key people
Yang Minghui (Chairman)
AUMCN¥1.6 trillion (31 December 2020)[1]
Websitewww.chinaamc.com

China Asset Management Co., Ltd. (ChinaAMC; 华夏基金管理有限公司) is one of China's biggest fund families. The company offers investment managers of National Social Security Fund, corporate annuities, Listed Open-end Fund (LOF), Qualified Domestic Institutional Investor (QDII) funds and Qualified Foreign Institutional Investor (QFII) funds, etc. It is the first exchange-traded fund (ETF) manager in China, and the sole investment manager of . The company is the first in the industry to initiate the investment philosophy of Research Creates Value.[2] ChinaAMC was established in 1998 and is headquartered in Beijing, China, with branches in Shanghai, Nanjing, Shenzhen, Chengdu, and Hangzhou, and a subsidiary in Hong Kong. Li Yimei is the CEO of the company.[3] As of December 31, 2020, ChinaAMC is one of the largest fund management companies in China with $245.5 billion (RMB 1.59 trillion) in Assets Under Management (including that of subsidiaries), and a client base comprising nearly 60,000 institutional clients and over 164 million retail investors.[2]

According to Wind Information, ChinaAMC is ranked the second in China in terms of mutual funds AUM(excluding money market funds and short-term wealth-management products) by the end of 2019, behind E Fund Management Co., Ltd[4]

Power Corporation acquired a stake in China Asset Management in 2011, which is followed by another stake purchase by Mackenzie Investments in 2017.[5] Mackenzie is owned by Toronto-listed asset and wealth manager IGM Financial, which is owned by Power Corporation. Together they own 27.8% stake in ChinaAMC.[6] CITIC Securities is the largest shareholder with 62.2% stake.

In 2017, ChinaAMC became the first full-service Chinese asset manager to sign up for the United Nations-supported Principles for Responsible Investment (PRI).[7]

References[]

  1. ^ "Company Overview_ChinaAMC". fund.chinaamc.com.
  2. ^ a b "Official Information". fund.chinaamc.com. Retrieved 2018-12-27.
  3. ^ China Asset Management's CEO Doesn't See Much Upside for A-Shares, archived from the original on 2021-12-21, retrieved 2020-03-12
  4. ^ 财经头条. "2019年基金公司规模排行" Check |url= value (help). http. Retrieved 2020-03-13.
  5. ^ "Mackenzie to acquire 10% stake in China Asset Management Co". Pensions & Investments. 2017-01-04. Retrieved 2020-03-13.
  6. ^ "Mackenzie executive interview: More Chinese clients than people in Canada". www.funds-europe.com. Retrieved 2020-03-13.
  7. ^ Ltd. (ChinaAMC), China Asset Management Co. "China Asset Management Company Became A Signatory of United Nations-Supported Principles for Responsible Investment". www.prnewswire.com. Retrieved 2020-04-15.

External links[]

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