China Asset Management Co., Ltd. (ChinaAMC; ) is one of China's biggest fund families. The company offers investment managers of National Social Security Fund, corporate

annuities In investment, an annuity is a series of payments made at equal intervals based on a contract with a lump sum of money. Insurance companies are common annuity providers and are used by clients for things like retirement or death benefits. Examples ...

, Listed Open-end Fund (LOF), Qualified Domestic Institutional Investor (QDII) funds and

Qualified Foreign Institutional Investor The Qualified Foreign Institutional Investor () program, one of the first efforts to internationalize the RMB, represents China's effort to allow, on a selective basis, global institutional investors to invest in its RMB denominated capital market ...

(QFII) funds, etc. It is the first

exchange-traded fund An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or comm ...

(ETF) manager in China, and the sole investment manager of Asian Bond Fund China Fund. The company is the first in the industry to initiate the investment philosophy of Research Creates Value.

Background

ChinaAMC was established in 1998 and is headquartered in

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

, China, with branches in

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

Nanjing Nanjing or Nanking is the capital of Jiangsu, a province in East China. The city, which is located in the southwestern corner of the province, has 11 districts, an administrative area of , and a population of 9,423,400. Situated in the Yang ...

Shenzhen Shenzhen is a prefecture-level city in the province of Guangdong, China. A Special economic zones of China, special economic zone, it is located on the east bank of the Pearl River (China), Pearl River estuary on the central coast of Guangdong ...

Chengdu Chengdu; Sichuanese dialects, Sichuanese pronunciation: , Standard Chinese pronunciation: ; Chinese postal romanization, previously Romanization of Chinese, romanized as Chengtu. is the capital city of the Chinese province of Sichuan. With a ...

, and

Hangzhou Hangzhou, , Standard Mandarin pronunciation: ; formerly romanized as Hangchow is a sub-provincial city in East China and the capital of Zhejiang province. With a population of 13 million, the municipality comprises ten districts, two counti ...

, and three subsidiaries-China Asset Management (Hong Kong), China Capital Management, and China Wealth Management. Li Yimei is the CEO of the company.

Power Corporation Power Corporation of Canada is a management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are insurance, retirement, wealth management and investment management, including a portfolio ...

acquired a stake in China Asset Management in 2011, which is followed by another stake purchase by Mackenzie Investments in 2017. 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. 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). As of June 30, 2023, ChinaAMC is one of the largest fund management companies in China with $261 billion (RMB 1.869 trillion) in Assets Under Management (including that of subsidiaries), and a client base comprising nearly 220,000 institutional clients and over 210 million retail investors. In June 2024, ''

Reuters Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

'' wrote that Qatar's sovereign fund

Qatar Investment Authority The Qatar Investment Authority (QIA; ) is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In November 2024, the QIA had an estimated $526 ...

had agreed to buy a 10% stake in ChinaAMC and was awaiting approval by Chinese regulators.

References

External links

Corporate website
{{Major asset management companies Financial services companies of China Financial services companies established in 1998 Investment management companies of China Asset management companies