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ChinaAMC was established in 1998 and is headquartered in Beijing, China, with branches in Shanghai, Nanjing, Shenzhen, Chengdu, and Hangzhou, and three subsidiaries-China Asset Management (Hong Kong), China Capital Management, and China Wealth Management. Li Yimei is the CEO of the company.
Asset management companies in China came into being in 1998. The founding of commercial Asset management companies (AMC; Chinese: 金融资产管理公司) established by the Ministry of Finance tasked with professionally managing third-party assets was a major landmark in the development of China's financial system. It marks a transition in ...
In 2010 and 2013, China Universal established subsidiaries China Universal Asset Management (Hong Kong) Company Limited and China Universal Capital respectively. [2] The firm's major shareholders are Orient Securities Co., Ltd., Wenhui-Xinmin United Press Group, and China Eastern Airlines .
China CITIC Financial Asset Management (previously known as China Huarong) is a majority state-owned financial asset management company in China, with a focus on distressed debt management. [2] It was one of the four asset management companies that the Government of China established in 1999 in response to the 1997 Asian financial crisis.
Harvest Fund Management Co. Ltd. is a privately owned investment manager. The firm provides asset management and retirement management services to pension and profit sharing plans, insurance companies, and enterprises. HFM invests in the public equity and fixed income markets of China. Harvest Fund Management was founded in March 1999 and is ...
Penghua was established on 22 December 1998, as one of the earliest asset management companies in China. Its original shareholders were four Chinese brokerage houses: Guosen Securities, Zhejiang Securities, Anshan Trust & Investment Corp. and Anhui International Trust & Investment Corp [1] [2] [3]
In 2008, Wang Limin who was previously a manager at China Southern Asset Management was banned for seven years from participating in China's capital markets and fined 500,000 RMB after making a profit of 1.5 million RMB via Rat Trading. [7] [8] This involved buying shares in companies his funds invested in and then selling them for a profit. [7 ...
China Huarong Asset Management Co., Ltd. known as just China Huarong ( Chinese: 中国华融) is a majority state-owned financial asset management company in China, with a focus on distressed debt management. [2] It was one of the four asset management companies that the Government of China established in 1999 in response to the 1997 Asian ...