• Source: Asset management in China

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 Chinese regulation away from an unregulated environment toward a system where specialist companies started to operate according to a defined set of standards and regulations.




Development of AMCs


From 1998 to 1999, the Chinese government created 10 AMCs in China. 4 as bad banks, one for each of the four commercial state-owned banks. and 6 Fund management companies. As of 2018 there are over 130 asset management companies in china, with a combined US$2 billion in assets under management.
The original asset management companies include:

China Great Wall Asset Management - for the Agricultural Bank of China
China Orient Asset Management - for the Bank of China
China Cinda Asset Management - for the China Construction Bank
China Huarong Asset Management - for the Industrial and Commercial Bank of China
Guotai Asset Management
China Southern Asset Management
HuaAn Fund Management
Bosera Asset Management
Penghua Fund Management
China Asset Management
Other AMCs that were established later on include:

Changsheng Fund Management
China Universal
Dacheng Fund Management
E Fund Management
Fullgoal Asset Management
Harvest Fund Management
ICBC Credit Suisse Asset Management
Tianhong Asset Management




See also


Chinese financial system
Insurance industry in China
Economy of China
State-owned enterprise




References






External links


The opportunity in asset management in China

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• Asset management in China
• China Asset Management
• List of asset management firms
• China CITIC Financial Asset Management
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• China Cinda Asset Management
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• China Great Wall Asset Management
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