Asset management firms in China post record profits

Four asset management companies in China saw total pre-provision operation profits of 37.6 billion yuan ($5.97 billion) in 2013.

In 2012, China Cinda Asset Management Co Ltd achieved PPOP of 13.6 billion yuan, ahead of China Huarong Asset Managment Co Ltd's 12 billion yuan.

Both China Great Wall Asset Management Corp and China Orient Asset Management Corp posted PPOP of 6 billion yuan.

A source with an asset management firm said the four companies' profits saw fast growth thanks to their increasing involvement in commercial businesses after they have completed their non-commercial business projects.

The total size of the four companies has been growing at a fast pace too. China Huarong Asset Management's asset size reached 310 billion yuan by the end of 2012, up 42 percent year-on-year.

Cinda and Huarong have announced plans to launch initial public offerings.

For more.

Also Read

Asian investor sentiment index inched higher to 16pts in 4Q13

China's M&A deal values hit record high of US$260b in 2013

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit