On January 26, Schroder Bank of communications Financial Management Co., Ltd. received the approval from the China Banking and Insurance Regulatory Commission to start business, becoming the third Sino foreign joint venture financial management company approved to start business. The registered capital of the company is 1 billion yuan and its registered place is Shanghai. The foreign shareholder Schroder Investment Management Co., Ltd. contributes 51% and the Chinese shareholder bocom Wealth Management Co., Ltd. contributes 49%.
The establishment of Schroder Bank of communications Financial Management Co., Ltd. is a specific measure for Bank Of Communications Co.Ltd(601328) group to implement the decision and deployment of the CPC Central Committee and the State Council on further expanding the opening-up of the financial industry. It also reflects Schroder Investment Group’s long-term commitment and investment in the Chinese market. It is also an important foothold for both shareholders to actively support the construction of Shanghai international financial center. By introducing the professional experience and advanced ideas of international asset management giants in corporate governance, operation management, portfolio management and risk management, the establishment of Schroder Bank of communications financial management will further enrich the supply of products and services in China’s financial market, improve the overall competitiveness of China’s asset management industry, and show the confidence and determination of China’s financial industry to further open up. At the same time, the establishment of Schroder Bank of communications financial management will also contribute to the overall business layout of Schroder investment group in China, improve the internationalization level of Bank Of Communications Co.Ltd(601328) group’s asset management business, and realize investment and wisdom introduction and win-win cooperation.
After the opening of Schroder Bank of communications financial management, it will give full play to the advantages of strong cooperation between shareholders of both sides, complement resources in customer resources, product design, investment ability and risk management, and strive to build a “first-class financial management company with global vision, focusing on long-term value and deeply trusted by customers”, In terms of positioning, it will form a differentiated layout with the existing businesses of both shareholders to realize complementary advantages and misplaced development.
Schroder Bank of communications financial management will learn from the rich experience of shareholders in the fields of big data decision-making and support, multi asset allocation and investment research in the global market, establish the investment concept of multi asset and medium and long-term, and build a professional and characteristic product line different from the traditional “fixed income +”, covering product categories such as equity, mixed, cross-border and alternative assets; On the other hand, in terms of investment strategy, we will combine the needs of Chinese and foreign customers for product risk and return characteristics, develop products with lower volatility and more diversified investment, and strive to provide excellent services and professional investment solutions on Chinese themes.
