Value Partners Group Receives License For Private Fund Management In China

Nov 10 2017 | 8:20pm ET

Independent asset manager Value Partners Group has received approval for a private fund management license in China, becoming the first Hong Kong-based manager to successfully register as a private fund management firm with China’s Asset Management Association. 

The PFM license will enable the company’s Shanghai affiliate, named Value Partners Investment Management (Shanghai) Limited, to develop its own-branded onshore investment products for eligible institutional and high net worth investors in China, the company said in a statement. The mainland entry is a key pillar of Value Partners’ multi-pronged China strategy. 

 “We are honored to be the first Hong Kong-headquartered asset manager to receive a private fund management license and we thank AMAC and the China Securities Regulatory Commission for their continued support,” said Dr. AU King Lun, CEO of Value Partners, in the statement. “We are excited to embark on this new phase of growth as we strengthen our position as an investment solutions provider to investors in China and a China investments expert to investors elsewhere in the world.” 

Value Partners was among the first foreign asset managers to tap into China’s onshore market, having established its Shanghai office in 2009. The company’s China business has now grown to encompass a team of more than 20 engaged across investment management, business development and legal & compliance duties. 

Founded in 1993, Value Partners Group is one of Asia’s largest independent asset management firms. The company managed some $16.5 billion as of 30 September 2017 deployed across equities, fixed income, quantitative, multi-asset and alternatives for institutional and individual clients in Asia Pacific, Europe and the United States.

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