Native name | 南方基金管理股份有限公司 |
---|---|
Company type | Private |
Industry | Financial services |
Founded | March 6, 1998[1] |
Headquarters | |
AUM | US$284 billion (September 2023) [2] |
Owners |
Huatai Securities (41.16%) Shenzhen Investment Holdings Co., Ltd (27.44%) |
Subsidiaries | CSOP Asset Management |
Website |
www |
China Southern Asset Management ( Chinese: 南方基金管理股份有限公司; pinyin: Nánfāng jījīn guǎnlǐ gǔfèn yǒuxiàn gōngsī) is a Chinese asset management company founded in 1998. It is considered one of the largest asset management companies in China. [3]
The company was established on 6 March 1998, as one of the first local asset management companies in China that was approved by the China Securities Regulatory Commission. [1]
In 2008, the company set up a joint venture in Hong Kong with Oriental Patron. [4] [5] 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%. [4] [5] CSOP Asset management currently has several ETFs on the Hong Kong Stock Exchange. In December 2022, it launched the first Bitcoin and Ethereum futures ETFs in Hong Kong. [6]
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. [7] [8] This involved buying shares in companies his funds invested in and then selling them for a profit. [7] [8]
Native name | 南方基金管理股份有限公司 |
---|---|
Company type | Private |
Industry | Financial services |
Founded | March 6, 1998[1] |
Headquarters | |
AUM | US$284 billion (September 2023) [2] |
Owners |
Huatai Securities (41.16%) Shenzhen Investment Holdings Co., Ltd (27.44%) |
Subsidiaries | CSOP Asset Management |
Website |
www |
China Southern Asset Management ( Chinese: 南方基金管理股份有限公司; pinyin: Nánfāng jījīn guǎnlǐ gǔfèn yǒuxiàn gōngsī) is a Chinese asset management company founded in 1998. It is considered one of the largest asset management companies in China. [3]
The company was established on 6 March 1998, as one of the first local asset management companies in China that was approved by the China Securities Regulatory Commission. [1]
In 2008, the company set up a joint venture in Hong Kong with Oriental Patron. [4] [5] 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%. [4] [5] CSOP Asset management currently has several ETFs on the Hong Kong Stock Exchange. In December 2022, it launched the first Bitcoin and Ethereum futures ETFs in Hong Kong. [6]
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. [7] [8] This involved buying shares in companies his funds invested in and then selling them for a profit. [7] [8]