China Southern Asset Management () is a Chinese
asset management company founded in 1998. It is considered one of the largest asset management companies in China.
History
The company was established on March 6, 1998, as one of the first local asset management companies in China that was approved by the
China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China.
History
China's first Securities Law was ...
.
In 2008, the company set up a joint venture in
Hong Kong with Oriental Patron.
The joint venture was named CSOP Asset Management with China Southern Asset Management paying HK$140 million for a 70% stake and Oriental Patron paying HK$60 million for the remaining 30%.
CSOP Asset management currently has several
ETFs on the
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
. In December 2022, it launched the first
Bitcoin
Bitcoin ( abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distr ...
and
Ethereum ETFs in Hong Kong.
Regulatory issues
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.
This involved buying shares in companies his funds invested in and then selling them for a profit.
References
External links
*
www.csopasset.com(CSOP Asset Management Website)
{{Major asset management companies
Financial services companies of China
Financial services companies established in 1998
Investment management companies of China