China Top 30 Managers (2024)

China Top 30 Managersemilyemilychan2021-06-12T23:11:34+01:00

With 22 years of history, asset management is a young but fast-growing industry in China. By the 2020 year-end, the total AUM of the industry has grown to RMB124.39trn (€15.51trn), second only to that in the US. The China Asset Manager Top 30 is a listing of the biggest players in China’s asset management industry, with a total AUM of €5.41trn, accounting for 35% of the industry total.

We have a research partnership with IPE, with China Asset Manager Top 30 incorporated into IPE Top 500 Asset Managers worldwide. IPE is a multinational financial information provider focusing on pension funds and other institutional investors. It has published an annual ranking for global asset managers for 20 years. Please visit here to learn more about IPE Top 500 Asset Managers 2021.

China Top 30 Asset Managers (2021)

No.Company NameAUM (EUR billion)Manager CategoryNo.Company NameAUM (EUR billion)Manager Category
1China Life Asset Management510.90IAM16Changjiang Pension Insurance143.00PMC
2Ping An Asset Management468.27IAM17GF Fund Management
142.53FMC
3ICBC Wealth Management
337.50BWMC18China Universal Asset Management141.54FMC
4CMB WealthManagement305.30BWMC19PICC Asset Management1137.07IAM
5E Fund Management260.42FMC20Pacific Asset Management135.90IAM
6Taikang Asset Management
249.22IAM21New China Asset Management2124.61IAM
7China Asset Management198.43FMC22ABC Wealth Management
118.36BWMC
8Bosera Asset Management
191.19FMC23Yinhua Fund Management112.15FMC
9Tianhong Asset Management
176.20FMC24Fullgoal Fund Management112.15FMC
10ICBC Credit Suisse Asset Management175.70FMC25Dajia Asset Management3
110.01IAM
11CITIC Securities170.27SC26Penghua Fund Management98.95FMC
12CCB Principal Asset Management169.47FMC27Taiping Asset Management98.44IAM
13China Southern Asset Management166.19FMC28BOC Wealth Management
89.49BWMC
14Harvest Fund Management154.60FMC29CCB Wealth Management
86.85BWMC
15China Merchants Fund Management144.15FMC30CIB Wealth Management85.47BWMC

Methodology and notes:

The top 30 Chinese asset managers ranking is based on the assets under management (AUMs) of the asset management firm as of 31 December 2020, unless otherwise stated.

We have included in the analysis all the asset manager categories regulated by China Securities Regulatory Commission (CSRC) and China Banking and Insurance Regulatory Commission (CBIRC), as well as the private fund managers registered with Asset Management Association of China (AMAC).

The following assets managed by the asset managers and their subsidiaries are included in the calculation of AUMs:

  • Equities;
  • Bonds;
  • Cash;
  • Private equity and private debt;
  • Real estate and infrastructure;
  • Commodities;
  • Multi-assets and multi-manager products.

AUM data used are from asset manager questionnaire returns, annual reports and official website announcements.

IAM=Insurance Asset Manager; BWMC=Bank Wealth Management Company; FMC=Fund Management Company; SC=Securities Company; PMC=Pension Management Company;

1As of 30 June 2020; 2As of 30 June 2020; 3As of 31 December 2019.

China’s Asset Management Industry At A Glance

The Chinese asset management industry is relatively young but has grown very rapidly. The first fund management firms in China were launched in 1998, yet by 2020, the industry’s assets under management had already increased to RMB124.39trn (€15.51trn), second only to the US. Today, the market remains fragmented, comprising a variety of asset management entities, with different regulatory statuses, competing for retail and institutional clients. These entities fall into eight different categories, though the smallest of these categories, Pension management companies and Futures companies, account for a relatively small share of the market. Assets under management (AUM) are split broadly equally between institutional and non-institutional investors…

China Top 30 Managers (1)

Read More

China Top 30 Managers (2)

The Top 30 Explained

The China Asset Manager Top 30 is a listing of the biggest players in China’s asset management industry. It comprises 14 fund management companies, eight insurance asset management companies, six bank wealth management companies, one pension management company and one securities company.

  • Fund management companies (FMCs) were the first asset managers established in China market. Traditionally they mainly serve retail investors, but in recent years they have increased institutional client numbers very rapidly through segregated account offerings. FMCs are recognized for their active management skills in equity and bond markets…

Read More

The Well-Established FMC Players

China’s first FMCs opened for business in 1998 and by the end of 2020, 134 FMCs were active in the market. These companies have a total AUM of EUR 3.9 trillion, accounting for about 25.39% of the industry total. Some 14 FMCs have taken seats in the top 30, contributing 57.44% of the total AUM of all managers in the list.

With more than 20 years of development, FMCs are the most established manager category. Leading players have developed their brands and reputation in the market, and have achieved relatively stable market shares over recent years…

China Top 30 Managers (3)

Read More

China Top 30 Managers (4)

The Rise Of China’s Institutional Asset Managers

For the purposes of this report, we define China’s institutional asset managers as the insurance asset management companies and pension fund management companies that mainly manage institutional money. In our Top 30 list, there are eight insurance asset managers and one pension management company.

There are three main reasons that these institutional asset managers are worthy of the attention of global investors and asset managers…

Read More

Bank Wealth Management Companies:
A New Category In The Making

CBIRC, the banking and insurance regulator, issued guidance in 2018 to encourage banks to set up separate wealth management subsidiaries to replace their wealth management departments. In June 2019, the first bank wealth management company – Bank of Construction Wealth Management Company – was established. By the end of 2020, a total of 24 BWMCs had been approved and 20 of them had begun operating. See Figure 10 for the list of approved BWMCs.

Although named “wealth management companies”, businesses in this new category are set up and regulated as asset managers. With a very broad investment scope covering both the public and private market…

China Top 30 Managers (5)

Read More

China Top 30 Managers (6)

Global Asset Managers’ Journey To China

Global asset managers started their journey in China’s asset management industry some time ago. In 2003, the first FMC joint venture – between Pacific Asset Management Co., Ltd. and Allianz Group, was established following regulatory approval. By the end of 2020, there were 44 FMC joint ventures in China. Six of them are included in the top 30 list.

Until 2020, foreign partners were only allowed to have minority shareholding (up to 49%) in the FMC joint ventures. Most of these ventures have proved to be very profitable financial investments for global asset managers as shareholders. But the ventures are generally regarded as local brands and many global managers have been seeking to have their wholly-owned or controlled entities in China to execute their global strategy…

Read More

ESG Gaining Momentum

ESG investment has been a significant theme for the global asset management community in recent years. Although there is still a development gap, ESG is quickly gaining momentum in China.

By the end of 2020, 52 Chinese organizations had become signatories to the United Nations’ Principles for Responsible Investments, including 39 asset managers. Of the Top 30 list, 10 asset managers are PRI signatories (see figure 14). The past year has seen significant ESG-related activities among leading Chinese managers, including the hiring of ESG analysts, the construction of ESG analytical frameworks and the launch of ESG themed investment products…

China Top 30 Managers (7)

Read More

Download

ATC China Top 30 Asset Managers (2021) List

ATC China Top 30 Asset Managers (2021) Full Report

ATC China Top 30 Asset Managers (2021) Full Report (IPE Magazine Version)

Follow Us:

China Top 30 Managers (2024)

FAQs

How is India better than China? ›

In 1987, GDP (Nominal) of both countries was almost equal. But in 2019, China's gdp is 4.78 times greater than India. On ppp basis, GDP of China is 2.38x of India.
...
Comparing China and India by Economy.
SourceWorld Bank : Nominal, PPP, Nominal per capita, PPP per capita
Date16 May 2021
1 more row

Why is China's education system so good? ›

China has a long tradition of respect for education. In fact, there is much societal and family pressure to do well academically. This has fostered education reform throughout history at many levels.

What percent of China is educated? ›

In 2020, the Ministry of Education reported an increase of new entrants of 34.4 million students entering compulsory education, bringing the total number of students who attend compulsory education to 156 million.
...
Education in China.
Ministry of Education
Literacy (2015)
Total96.7 %
Male98.2 %
Female94.5 %
15 more rows

Does China have a good education system? ›

A growing number of Chinese students are choosing to study abroad when they reach the college level. However, at the elementary, middle school and high school levels, Chinese parents consider the Chinese education system to be the best in the world.

Can India beat China in war? ›

And if there is outright war, the Indian military will be no match for China's AI-backed war machines. In such a war, traditional conventional forces will be at a huge disadvantage, nuclear weapons will have no role to play, and the valour of individual soldiers will be of no consequence.

Is China powerful than India? ›

China has world's strongest military, India at fourth place: Military Direct's study.

Are Chinese students happy? ›

According to the research, the average score of Chinese children's happiness growth is currently 82.22, which indicates most Chinese children are "Quite Happy". 70.1 percent of the Chinese children regard high grades in school as the greatest happiness, exceeding other factors by more than 20 percentage points.

How many hours a day do Chinese students study? ›

They do homework and study, while teachers assist them. After dinner, evening sessions conclude at 10:30pm. A recent study by the OECD shows that on average, pupils in Shanghai aged 12-14 spend 9.8 hours on learning in the classroom, and 3 hours finishing their homework each day, averaging 13.8 hours per week.

Is college free in China? ›

The average tuition fees in Chinese public universities range between 2,500 and 10,000 USD/academic year. You can also find several programmes with no tuition fees. These are usually offered by universities from other countries (e.g. the UK, Germany, Denmark), which have campuses in China.

Which country has best education? ›

Top 20 Best Education Systems in the World
RankCountryQuality Index
1United Kingdom78.2
2United States72
3Australia70.5
4Netherlands70.3
16 more rows
22 Aug 2022

What is China's average income? ›

Average annual salaries by region (urban units)
Region Average (2019)RMB 90,501USD 13,231
Beijing166,80324,386
Shanghai149,37721,839
Tibet118,11817,269
Tianjin108,00215,790
27 more rows
1 Nov 2021

What age do people retire in China? ›

China has some of the youngest retirement ages in the world, which is becoming a major problem for a country that is steadily aging. The official retirement age for men is 60. Women in managerial positions have a retirement age of 55, while blue-collar female workers can retire at 50.

How hard is math in China? ›

When it comes to school mathematics, China sets notoriously high standards. The format and difficulty of the Chinese Gao Kao (High School Examinations) varies somewhat throughout China. But mathematics is compulsory everywhere. Below are 3 multiple choice questions I have translated from the 2021 Shanghai Gao Kao¹.

Is China good at math? ›

Chinese is better for math, research shows

Some studies suggest yes. “The digit system is very simple in Chinese,” Leung says, “making at least arithmetic very easy to learn.” Researchers of early childhood education have found that the way a language describes numbers can affect how quickly children do sums.

How long is a school day in China? ›

The school days usually last a whole day (from around 8:00 until 17:00) with 45-minutes-long classes, with a little more flexible schedules in more rural areas. In China's metropolises, where lunch breaks are shorter, kids might finish school around 15:00 as well.

Can Pakistan defeat India in war? ›

It rather implies that the Pakistan Army can defeat an Indian armored onslaught without the use of Tactical Nuclear Weapons. And that's not all. In the future, as experience tells us, Pakistan's military strength will continue to rise in proportion to projected raisings in the Indian armed forces.

Why did India lost to China in 1962? ›

The main cause of the war was a dispute over the sovereignty of the widely separated Aksai Chin and Arunachal Pradesh border regions. Aksai Chin, claimed by India to belong to Ladakh and by China to be part of Xinjiang, contains an important road link that connects the Chinese regions of Tibet and Xinjiang.

How many wars has India won? ›

The Indian Military has fought in all four wars of the nation, three against Pakistan and one against the People's Republic of China. They also fought in the border war against Pakistan, better known as the Kargil war in 1999.

Who are the 7 world powers? ›

Like China, France, Russia, and the United Kingdom; Germany and Japan have also been referred to as middle powers. In his 2014 publication Great Power Peace and American Primacy, Joshua Baron considers China, France, Russia, Germany, Japan, the United Kingdom and the United States as the current great powers.

Who is the strongest country in Asia? ›

Top 10 Strongest And Most Powerful Countries In Asia
  • China: In 2022, China will still be rated first among the top 10 Asian countries. ...
  • Russia: With nearly 1,000,000 soldiers, Russia has the largest army in the world. ...
  • India: India, often known as the Republic of India, is a South Asian nation.
19 Jul 2022

Will China overtake us? ›

In one of the most recent revisions, the Centre for Economics and Business Research, a U.K. think tank, thinks China will overtake the U.S. as the world's biggest economy two years later than it previously expected when it last made a forecast in 2020. It now thinks it will happen in 2030.

Why is India a better country? ›

India has a fast-growing, diverse economy with a large, skilled workforce. But because of its population, it's also one of the poorest countries in the world based on income and gross national product per capita. Although agriculture employs the most workers, services are the major source of economic growth.

What makes India different from China? ›

India is the world's largest parliamentary democracy, while China is a one-party dictatorship. India's reforms have scaled back state-run industries, while China's reforms have created a pseudo-free-market command economy. India has courted the capitalist West while China has tried to counter it.

Is India the next China? ›

Conclusions. India is not likely to become the next China. The story, though, remains complicated, and the efforts to grow India's economy should address exploiting its young demographic. India's fast growth phase is behind it.

Can India be the next superpower? ›

India is considered one of the potential superpowers of the world. This potential is attributed to several indicators, the primary ones being its demographic trends and a rapidly expanding economy and military.

Who is the best friend of India? ›

There is not a single country to be said as the best friend of India. There are some countries which evaluated to be closest to India like Russia, Israel, Bhutan, Bangladesh, and the United States.
...
  • USA. USA has always been one of India's closest allies . ...
  • Japan. ...
  • Israel. ...
  • Afghanistan. ...
  • Bhutan. ...
  • Russia. ...
  • Myanmar. ...
  • The Maldives.
15 Jul 2022

Which country is No 1 in world? ›

The overall ranking of Best Countries measure global performance on a variety of metrics. Switzerland is the best country in the world for 2022.

Is India a 3rd world country? ›

However, based on the rapid development of modernization and globalization, countries that were used to be considered as Third World countries achieve big economic growth, such as Brazil, India, and Indonesia, which can no longer be defined by poor economic status or low GNP today.

Which country is most like India? ›

The data shows that Nepal is the most similar country to India.

Which country has more poverty India or China? ›

However, by year 24 China's poverty rate was more than 2.5 times that of India. India's advantage could be wider than this comparison suggests, for two reasons.

Is China growing faster than India? ›

India has emerged as the fastest-growing economy globally, displacing China with an 8.7 per cent GDP uptick in the fiscal year ending April 2022.

Is India stronger than Pakistan? ›

According to the most recent study from Global Firepower Ranking, the military might of India and Pakistan is completely unmatched.
...
CountriesIndiaPakistan
Naval Destroyers100
Airports346151
Ports & Terminals132
Aircraft Carriers10
7 more rows
6 Oct 2021

Will China overtake us? ›

In one of the most recent revisions, the Centre for Economics and Business Research, a U.K. think tank, thinks China will overtake the U.S. as the world's biggest economy two years later than it previously expected when it last made a forecast in 2020. It now thinks it will happen in 2030.

Is India a rich country? ›

Union minister Nitin Gadkari on Thursday said even as India has emerged as the world's fifth largest economy and although the country is rich, its population is poor, facing issues like starvation, unemployment, casteism, untouchability and inflation.

Who are the 7 world powers? ›

Like China, France, Russia, and the United Kingdom; Germany and Japan have also been referred to as middle powers. In his 2014 publication Great Power Peace and American Primacy, Joshua Baron considers China, France, Russia, Germany, Japan, the United Kingdom and the United States as the current great powers.

Is Germany a superpower? ›

Today, Germany is still a superpower. It has a very strong economy and can compete with other countries. The country has a high life expectancy and is well educated. This makes Germany one of the most powerful countries in the world.

Which is the fastest-growing economy in world? ›

Saudi Arabia will be the world's fastest-growing major economy in 2022, outperforming the dynamic Asian giants of China, India, Indonesia and South Korea, as well as the struggling G7 and other major emerging economies.

Top Articles
Latest Posts
Article information

Author: Domingo Moore

Last Updated:

Views: 5934

Rating: 4.2 / 5 (53 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Domingo Moore

Birthday: 1997-05-20

Address: 6485 Kohler Route, Antonioton, VT 77375-0299

Phone: +3213869077934

Job: Sales Analyst

Hobby: Kayaking, Roller skating, Cabaret, Rugby, Homebrewing, Creative writing, amateur radio

Introduction: My name is Domingo Moore, I am a attractive, gorgeous, funny, jolly, spotless, nice, fantastic person who loves writing and wants to share my knowledge and understanding with you.