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.Kellison, Stephen G. (1970). ''The Theory of Interest''. Homewood, Illinois: Richard D. Irwin, Inc. p. 45 Examples of annuities are regular deposits to a savings account, m ...

Qualified Domestic Institutional Investor Qualified Domestic Institutional Investor (), also known as QDII, is a scheme relating to the capital market set up to allow financial institutions to invest in offshore markets such as securities and bonds. Similar to QFII (Qualified Foreign Ins ...

(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 (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. ChinaAMC was established in 1998 and is headquartered in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

, China, with branches in

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...

Nanjing Nanjing (; , Mandarin pronunciation: ), alternately romanized as Nanking, is the capital of Jiangsu province of the People's Republic of China. It is a sub-provincial city, a megacity, and the second largest city in the East China region. T ...

Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...

Chengdu Chengdu (, ; simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese pronunciation: , Standard Chinese pronunciation: ), alternatively romanized as Chengtu, is a sub-provincial city which serves as the capital of the Chinese pro ...

, and

Hangzhou Hangzhou ( or , ; , , Standard Mandarin pronunciation: ), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, whic ...

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

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 portfol ...

acquired a stake in China Asset Management in 2011, which is followed by another stake purchase by

Mackenzie Investments Mackenzie Investments was founded in 1967 and is one of Canada's largest investment management firms by assets under management. Mackenzie Investments provides investment advisory and related services for retail and institutional clients. With $ ...

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).

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