China Asset Management Co., Ltd. (ChinaAMC) continues its streak of excellence. For the fourth consecutive year, Global Banking & Finance Review has recognized ChinaAMC as the “Asset Management Company of the Year” in China for the 2023 Global Banking & Finance Awards®. Additionally, they were honor...
China Asset Management Co., Ltd. (ChinaAMC) continues its streak of excellence. For the fourth consecutive year, Global Banking & Finance Review has recognized ChinaAMC as the “Asset Management Company of the Year” in China for the 2023 Global Banking & Finance Awards®. Additionally, they were honored with “The Next 100 Global Awards 2023 – Asset Management” for the second year in a row, a testament to their industry leadership. These accolades highlight ChinaAMC’s steadfast dedication to innovation, leadership, and superior performance in the asset management sector.
ChinaAMC’s achievements can be attributed to its steadfast leadership and unparalleled expertise in asset management. Since its founding in April 1998, ChinaAMC has been a trailblazer in China’s asset management realm. Boasting assets under management (AUM) of USD 263 billion as of September 30, 2023, the firm caters to a vast clientele of 216 million retail and 240,000 institutional investors.
A major contributor to ChinaAMC’s leadership is its dominant presence in the domestic equity ETF market, which stands at 21.5% as of September 30, 2023. This market position, reinforced by a robust research wing of 280 professionals, sets them apart.
What further distinguishes ChinaAMC is its commitment to sustainable corporate governance. As the inaugural Chinese asset manager to endorse the UN-supported Principles for Responsible Investment, ChinaAMC is at the vanguard of integrating ESG principles into their investment practices. Their ongoing dialogue with global counterparts and push for improved ESG disclosures accentuates their vision of a responsible financial ecosystem.
Commenting on the accolades, Wanda Rich, editor at Global Banking & Finance Review, said, “ChinaAMC’s repeated wins highlight their dedication to excellence, innovation, and pioneering leadership in asset management. Their strategic initiatives, focus on sustainability, and relentless dedication to clients truly set them apart.”
The Global Banking & Finance Awards® are known for showcasing the world’s most dynamic, innovative, and visionary businesses. Awardees exemplify outstanding strategy, dedication, leadership, and client-focused solutions. These awards not only acknowledge past achievements but also predict the transformative future these businesses pave for their industries.
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Asset management is the systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner. It involves managing investments on behalf of clients to achieve specific financial goals.
ESG stands for Environmental, Social, and Governance. These principles guide investment decisions based on a company's ethical impact and sustainability practices, focusing on long-term value creation.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It encompasses the relationships among stakeholders and the goals for which the corporation is governed.
An ETF, or Exchange-Traded Fund, is a type of investment fund that is traded on stock exchanges, similar to stocks. It holds assets such as stocks, commodities, or bonds and generally operates with an arbitrage mechanism.
AUM stands for Assets Under Management. It refers to the total market value of the investments that a financial institution manages on behalf of its clients.
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