Chinaamc

What Chinaamc does

China Asset Management Co., Ltd. (ChinaAMC) is a privately held, Beijing-headquartered asset manager founded in April 1998 and a pioneer of China's mutual fund industry. The firm operates a pan-asset-class platform covering active equity, active fixed income, money market, multi-asset, ETF, and pension/annuity products, with subsidiary operations in Hong Kong (est. 2008), Shanghai (wealth management), Guangzhou and Shenzhen. As of end-2025, ChinaAMC reports total AUM of approximately RMB 3.245 trillion (USD 464.5 billion), with ETF AUM of RMB 957.3 billion (Asia's largest), pension/annuity AUM of RMB 218 billion (4th largest in China), and a customer base of about 255 million retail investors and 370,000 institutional clients including overseas central banks, sovereign wealth funds, pensions, and large financial institutions. The firm has been the largest equity ETF manager in China for 21 consecutive years since launching the country's first ETF (SSE 50) in 2004.

The revenue model is overwhelmingly subscription/recurring, driven by asset-based management fees charged on AUM (e.g., 0.15% management + 0.05% custodian on the ten mega-ETFs cut to 0.2% total in January 2026), with pricing power varying by product tier and channel. Distribution runs through ETF Connect northbound trading (38 ETFs qualifying — highest among Chinese asset managers), the Hong Kong subsidiary for international institutional clients, direct institutional sales for pensions/annuities, and self-serve/PLG retail channels including a WeChat mini-program (LetfGo/Red Rocket) with over 10 million users and the Smart Calf AI Agent on Alipay.

Underlying the platform is a proprietary technology stack combining a Microsoft Research Asia AI co-development partnership (since 2017), the ChinaAMC Wings fixed-income integrated intelligent platform, LetfGo index analytics tools, and the Active Investment & Research 5.0 framework. Research coverage is delivered by 200+ investment professionals spanning over 85% of Chinese public companies (A+H+ADR) by market capitalization, with 3,000 annual site visits and a dedicated 77-person fixed income team. Strategic positioning in 2026 emphasizes continued ETF scale (mega-ETF fee leadership), cross-border expansion via the KBAM Korea MOU and Hong Kong-based Solana spot ETF, AI-driven retail distribution, and early-mover participation in tokenized-asset settlement and stablecoin reserve mandates.

Name

Chinaamc

Legal name

China Asset Management Co., Ltd.

Website

https://en.chinaamc.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

501–1,000 employees

Short description

ChinaAMC is one of China's largest privately held asset managers, founded in 1998, managing RMB 3.245 trillion (USD 464.5 billion) in AUM via active equity, fixed income, ETFs, and pension products for 255 million retail and 370,000 institutional clients across China and through its Hong Kong subsidiary.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Open-End Investment Funds (52591)

SIC

Investment Advice (6282), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Active Crypto Asset Managers (Discretionary) (FSADAHAA)

Keywords

• Asset management services
• ETF fund management
• Fixed income investing
• Pension fund management
• Institutional investment management

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. ETF Management Fees: Revenue from managing ETFs with expense ratios typically 0.2% (0.15% management fee + 0.05% custodian fee). Combined AUM of major ETFs exceeds 677 billion yuan.
2. Active Fund Management: Management fees from active equity, fixed income, and mixed fund products. Fixed income team of 77 professionals manages client portfolios.
3. Corporate Annuity and Pension Management: Manages 177 portfolios for over 200 corporate annuity clients with total AUM of about 141.3 billion yuan. Annuity AUM exceeds 218 billion (USD 30.6 billion) as fourth largest pension manager in China.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

ChinaAMC (China Asset Management Co., Ltd.) is a leading Chinese asset management company that manages investment portfolios across equity, fixed income, money markets, ETFs, and pension products for both retail and institutional investors. Founded in 1998, it manages over RMB 3.245 trillion (US$464.5 billion) in assets, serving 255 million retail investors and over 370,000 institutional clients including overseas central banks, sovereign wealth funds, and pensions. Its core offerings include index and thematic ETFs, active equity and fixed-income mutual funds, corporate annuity and pension management, and global investment solutions distributed via Hong Kong subsidiary and ETF Connect.

Product overview

ChinaAMC operates as a comprehensive asset management platform offering a diverse portfolio of investment products and services. The firm provides ETFs tracking major Chinese indices (CSI 300, SSE 50, STAR 50, CSI A500, MSCI A50), thematic ETFs (AI, Robotics, Semiconductor, 5G, New Energy, ChiNext), fixed income products, and retirement solutions. The company has expanded into crypto ETFs including Bitcoin, Ethereum, and Solana spot ETFs in Hong Kong. Digital platforms include the LetfGo index analytics tool, ChinaAMC Wings Fixed-Income Platform, and Smart Calf AI Agent on Alipay. The Active Investment & Research 5.0 framework unifies global research coverage across A-shares, Hong Kong, U.S., and Asian tech markets through five major domains and seven specialized research groups.

Differentiator

Problem solved

Functional benefit

Brands

• LetfGo: Upgraded index analytics tool offering backtesting, portfolio analysis, and sector exposure analysis
• Red Rocket
• ChinaAMC Wings
• ChinaAMC Smart Calf AI Agent

Products and services

• CSI A500 ETF Flagship broad-market index ETF tracking the CSI A500 Index, which is promoted by Chinese regulators to represent the new structure of China's economy. Designed for investors seeking broad exposure to China's A-share market.
• STAR 50 ETF Largest fund tracking the chip-heavy STAR 50 index, representing China's high-tech and semiconductor sectors on the Shanghai Stock Exchange's STAR Market. For investors seeking exposure to China's technology and innovation leaders.
• MSCI A50 ETF ETF tracking the MSCI China A50 Connect Index providing exposure to China's largest A-share stocks. For international and domestic investors seeking benchmark-aligned core China equity exposure.
• AI ETF Thematic ETF focusing on artificial intelligence companies within China's technology sector. For investors seeking targeted exposure to China's AI industry.
• CSI Robotics ETF Thematic ETF tracking robotics and automation companies in China's industrial sector. For investors seeking exposure to China's robotics and industrial automation theme.
• Chip ETF Largest semiconductor thematic ETF in China covering the entire chip industrial chain including material, equipment, design, manufacturing, packaging and testing. For investors seeking exposure to China's semiconductor industry.
• 5G Communication ETF Thematic ETF focused on 5G communication infrastructure and related technology companies. For investors seeking exposure to China's 5G and telecommunications infrastructure theme.
• Solana Spot ETF First Solana spot ETF approved in Hong Kong, trading in HKD, USD, and RMB. For investors seeking regulated exposure to Solana through a traditional ETF wrapper.
• ChiNext Momentum Growth ETF Smart beta ETF using momentum factor strategy on the ChiNext board, developed in partnership with Rayliant Global Advisors combining smart and efficient market hypothesis with value investing methods. For investors seeking factor-based exposure to China's growth companies.
• Hang Seng TECH ETF ETF providing exposure to Hong Kong-listed technology companies on the Hang Seng Tech Index. For investors seeking exposure to Chinese internet and technology companies listed in Hong Kong.
• Active Equity Funds Active equity mutual fund products managed by 200+ investment professionals covering 85%+ of Chinese public companies by market cap with 3,000+ annual site visits. For investors seeking alpha generation through fundamental research-driven active management.
• Active Fixed Income Funds Active fixed income fund products managed by a dedicated 77-person fixed income team, one of the largest in the industry. For investors seeking active management of bond portfolios.
• Corporate Annuity and Pension Management Manages 177 portfolios for over 200 corporate annuity clients with total AUM of approximately CNY 141.3 billion, plus National Social Security Fund (NSSF) and private pension schemes across 36 pilot cities. For corporate and government pension plan sponsors seeking professional long-term retirement asset management.
• International Business / Global Equity & Fixed Income Strategies Tailored investment services for global institutional clients focused on long-term investment horizon in China-focused equity and fixed income strategies, delivered through the Hong Kong subsidiary and global partnership network. For overseas central banks, sovereign wealth funds, pensions, and financial institutions.
• LetfGo Index Analytics Tool (formerly Red Rocket) Upgraded index analytics tool offering backtesting, portfolio analysis, and sector exposure analysis with over 10 million users on WeChat and PC (ETF818.com). For retail investors seeking free index analytics with valuation, cross-product comparison, and backtesting functions.
• ChinaAMC Smart Calf AI Agent AI Agent deployed on Alipay providing automated investment advisory services and portfolio management tools for retail investors. For tech-savvy retail investors seeking AI-driven investment assistance.
• Active Investment & Research 5.0 Framework Comprehensive investment research framework built on three pillars: globalized research covering A-shares, Hong Kong, U.S., and Asian tech markets; integrated multi-market platform with five major domains and seven specialized research groups; and ecosystem-led product specialization. For institutional clients benefiting from ChinaAMC's proprietary research capabilities.

Quantifiable outcome

• AUM growth to RMB 957.3 billion in ETFs, expanding by 298.8 billion yuan
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor, major and core.

• NVIDIAminorStrategic or Co-development Partner · 23 July 2026ChinaAMC attended Nvidia GTC 2026 in San Jose, partnered with influencer Robert Scoble for coverage of the AI conference generating over 1.6 million views across social platforms.
• ZD ProxyminorStrategic or Co-development Partner · 17 July 2026Jointly produced AI governance report released at WAIC 2026. Report found that 92% of China's STAR 50 index companies mentioned AI in ESG reports but only 22% explicitly addressed AI governance.
• KB Asset Management (KBAM)majorStrategic or Co-development Partner · 22 June 2026Strategic MOU signed in Seoul establishing framework for cross-border asset management cooperation between China and South Korea. Focus on collaborative product development, market intelligence sharing, and investment views exchange. KBAM manages approximately 191 trillion won (US$124 billion) while ChinaAMC manages approximately RMB 3 trillion (US$470 billion).
• Rayliant Global AdvisorsminorStrategic or Co-development Partner · 1 January 2021Smart beta strategy partnership combining Rayliant's smart and efficient market hypothesis and value investing methods. Partnership yielded best-performing ETFs such as ChiNext Momentum Growth ETF.
• NN Investment PartnerscoreStrategic or Co-development Partner · 1 January 2020Launched the first China Equity ESG UCITS fund in March 2020 - world's first UCITS fund directly managed by a Chinese onshore asset manager. Joint ESG expertise combining ChinaAMC's local knowledge with NNIP's global ESG standards.
• Fidelity InternationalcoreStrategic or Co-development Partner · 1 January 2018Partnership for research and promotion of pension investments in China. Jointly promoting Pension Target Date Fund products leveraging Fidelity's global pension research and investment experience. Partnership yielded the first target-date fund (TDF) in China in 2018.
• Russell InvestmentscoreStrategic or Co-development Partner · 1 January 2018Teamed up to develop fund-of-funds strategy tailored for Chinese investors. In 2020, ChinaAMC was accredited one of the first in China to launch a manager of managers product.
• Microsoft Research AsiacoreTechnology or Integration · 1 January 2017Co-development of special artificial intelligence application for China's financial services industry. AI Index-enhancing strategy applied in several of ChinaAMC's public funds and segregated accounts. Partnership ongoing since 2017.
• PanAgoraminorStrategic or Co-development Partner · 1 January 2017Developed risk parity strategy in collaboration with trading risk management firm PanAgora. Launched first risk parity strategy fund in China in 2017.

Scale indicators10 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• E Fund Management: E Fund Management (易方达基金) is China's largest mutual fund company and direct head-to-head competitor to ChinaAMC across active equity, fixed income, ETFs, and pension management. Both firms compete for top rankings in domestic mutual fund AUM and ETF market share.
• Bosera Asset Management: Bosera Asset Management (博时基金) is one of China's largest fund managers with comparable product breadth across active equity, fixed income, ETFs, and QDII/overseas products. It is a direct competitor in nearly every ChinaAMC franchise including pension and institutional mandates.
• China Southern Asset Management: China Southern Asset Management (南方基金) is a top-tier Chinese AMC competing with ChinaAMC in index/ETF products, active funds, and pension/annuity management. It is consistently ranked among the top 5 Chinese fund managers by AUM.
• Harvest Fund Management: Harvest Fund Management (嘉实基金) is a major Chinese AMC that competes with ChinaAMC across active equity, fixed income, QDII, and ETF categories, and shares large institutional and pension mandates.
• GF Fund Management: GF Fund Management (广发基金) is a top Chinese mutual fund manager overlapping with ChinaAMC in active equity, fixed income, ETF, and pension products, often ranked alongside ChinaAMC in the top tier by AUM and performance.

Broad incumbents

• iShares (BlackRock): BlackRock's iShares is the global ETF leader and a broad incumbent in index/ETF and portfolio management. While it doesn't directly lead in onshore Chinese ETFs, it competes for global institutional China allocations and sets the global standard on ETF pricing and product breadth.
• Vanguard: Vanguard is a global asset management incumbent and the world's second-largest ETF provider. Its low-cost index philosophy directly parallels ChinaAMC's mega-ETF fee reduction strategy and represents the global benchmark ChinaAMC is moving toward in pricing.
• State Street SPDR: State Street Global Advisors' SPDR franchise is a global ETF incumbent with a long-standing China A-share ETF business. It competes with ChinaAMC for global institutional China exposure and benchmarks global ETF pricing norms.
• Invesco: Invesco is a global asset manager with significant China-focused ETF products (including onshore JVs) and QFII/RQFII capabilities, competing with ChinaAMC in cross-border China investment solutions for institutional and retail clients.

Emerging players

• Fidelity International: Fidelity International is both a ChinaAMC partner (pension TDFs, ESG UCITS, Visa cross-border pilot) and a global asset management competitor with growing China-focused products, making it a strategic adjacent peer in cross-border asset management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/china-asset-management-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chinaamc