Ping An of China Asset Management

What Ping An of China Asset Management does

Ping An of China Asset Management (Hong Kong) Company Limited (PAAMC HK) is the offshore asset management arm of Ping An Insurance (Group) Company of China, established in 2011 and headquartered in Central, Hong Kong. The firm offers a diversified product suite spanning Hong Kong-listed ETFs (Ping An CSI HK Dividend ETF 3070.HK, Ping An East-West Select ETF, Ping An Technology Select ETF), Hong Kong Authorized Unit Trusts (Ping An of China SIF - RMB Bond Fund, Ping An Money Market Fund, Ping An Stable Fund, Ping An Hong Kong Dollar Money Market Fund), fund-of-funds, segregated mandates, structured products, and QDII/QFII/RQFII advisory services. Its flagship Ping An Money Market Fund held approximately USD 6.095 billion in assets as of December 31, 2025, while combined disclosed fund assets across major vehicles total in the multi-billion USD range. Customers include insurance companies, pension funds, sovereign wealth funds, asset managers, and retail investors, with notable third-party mandates from Jupiter Asset Management and the parent group as anchor investor.

The firm differentiates on technology through a proprietary AI-driven quantitative investment platform built on multi-layered neural networks and deep learning. The platform processes both structured and unstructured data using non-linear modeling techniques, explicitly avoiding the linear-model limitations of legacy quantitative approaches, and is governed by a Systematic, Quantitative, and Scientific (SQS) investment philosophy. Capital markets leadership is led by a CIO (Chi Kit Chai) recruited from the Teacher Retirement System of Texas, with a dedicated Co-head of Quantitative AI Investment overseeing model development. Revenue is generated through asset-based management fees on unit trusts and ETFs (typically tiered by share class: I-class for institutional at ~0.10%, M/P-class for retail at 0.15%-0.60%), one-time subscription/redemption fees of up to 3-5% on certain unit trusts, and professional advisory/managed-service fees on segregated mandates and QDII/QFII mandates.

Distribution combines direct institutional sales with channel partnerships: ETFs are listed on the Hong Kong Stock Exchange (HKEX), two ETFs have been included in the Southbound Stock Connect scheme effective May 6, 2026, and the firm joined the HKEX Integrated Fund Platform as part of its initial cohort in July 2025. Distribution is also supported by a co-branded fund with Hang Seng Investment Management (Hang Seng Ping An Asian Income Fund) and UCITS SFC mutual recognition obtained in 2021, giving the firm cross-border retail and institutional reach into European and mainland Chinese investor pools.

Name

Ping An of China Asset Management

Legal name

Ping An of China Asset Management (Hong Kong) Company Limited

Website

https://asset.pingan.com.hk

Company type

Private

Founded year

2011

Operating status

Operating

Short description

Ping An of China Asset Management (Hong Kong) is the offshore asset management arm of Ping An Insurance Group, offering ETFs, unit trusts, money market funds, and segregated mandates to institutional, retail, and international investors via an AI-driven quantitative investment platform.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Financial Vehicles (52599), Miscellaneous Intermediation (52391)

SIC

Investment Advice (6282)

akta.pro primary industry

Discretionary Portfolio Management (DPM) (FSAAABAC)

akta.pro secondary industries

Sector & Industry Equity ETFs (FSAAAFAC), Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM)

Keywords

• Asset management services
• Exchange traded funds
• China Hong Kong investing
• AI quantitative investing
• Fixed income management

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: PAAMC HK earns management fees based on assets under management across its ETF products, Hong Kong authorized unit trusts, fund of funds, segregated mandates, and structured products. Fee rates vary by fund and share class.
2. Advisory Fees (QDII and QFII/RQFII): Advisory services for institutional clients on QDII (Qualified Domestic Institutional Investor) and QFII/RQFII (Qualified Foreign Institutional Investor/Renminbi Qualified Foreign Institutional Investor) programs.
3. Segregated Mandate Fees: Customized investment mandate services for institutional and private clients, generating fees based on mandate size and complexity.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Ping An of China Asset Management (Hong Kong) operates as the offshore asset management arm of Ping An Insurance Group, managing ETFs, Hong Kong Authorized Unit Trusts, money market funds, and offering segregated mandates and QDII/QFII/RQFII advisory services. The firm applies a systematic, quantitative, and scientific (SQS) investment philosophy supported by an AI-driven quantitative investment platform using neural networks and deep learning. Its product suite spans Hong Kong equity ETFs, USD/HKD money market funds, RMB bond funds, structured products, and tailored discretionary mandates for institutional and private clients.

Product overview

Ping An of China Asset Management (Hong Kong) operates as an asset management platform offering a comprehensive suite of investment products. The product portfolio includes: (1) Exchange-Traded Funds (ETFs) - including the Ping An East-West Select ETF, Ping An Technology Select ETF, and Ping An of China CSI HK Dividend ETF; (2) Hong Kong Authorized Unit Trusts - including the Ping An of China SIF-RMB Bond Fund, Ping An Money Market Fund (USD), Ping An Stable Fund (USD), and Ping An Hong Kong Dollar Money Market Fund; (3) Advisory and Mandate Services - including Fund of Funds, Segregated Mandates, QDII/QFII/RQFII Advisory, and Structured Products. The firm also operates an AI-powered quantitative investment platform utilizing neural networks and machine learning for systematic, data-driven investment management.

Differentiator

Problem solved

Functional benefit

Brands

• Ping An of China SIF - RMB Bond Fund: Flagship offshore RMB bond fund investing in RMB-denominated fixed and floating income instruments
• Ping An Money Market Fund
• Ping An Stable Fund
• Ping An CSI HK Dividend ETF
• Ping An East-West Select ETF
• Ping An Technology Select ETF

Products and services

• Ping An East-West Select ETF Hong Kong-listed ETF providing exposure to Hong Kong high-dividend equities paired with US blue chips, enabling mainland investors to access HK-US equity allocation products in RMB through Southbound Stock Connect.
• Ping An Technology Select ETF Hong Kong-listed ETF providing exposure to technology companies across mainland China and the United States.
• Ping An of China CSI HK Dividend ETF (3070.HK) Longest-running high-dividend yield ETF listed in Hong Kong, tracking the CSI HK Dividend Index. Won multiple awards including Best Dividend ETF and Best Performer at Bloomberg Businessweek Top Fund Awards.
• Ping An of China SIF - RMB Bond Fund Fund investing primarily in RMB-denominated fixed or floating income instruments, seeking total return comprised of interest income and capital growth. Offers accumulation and distribution share classes in multiple currencies.
• Ping An Money Market Fund USD-denominated money market fund investing in short-term deposits and high-quality money market instruments. Rated AAAmf by Lianhe Global for three consecutive years.
• Ping An Stable Fund USD-based fund providing stable income through investments in money market instruments and debt securities. Invests at least 70% in investment-grade instruments with focus on Asia-Pacific region.
• Ping An Hong Kong Dollar Money Market Fund HKD-denominated money market fund investing in short-term deposits and high-quality money market instruments, seeking HKD returns at current money market rates.
• Fund of Funds Funds that invest directly or indirectly through other collective investment schemes, providing diversified exposure across underlying fund managers and strategies.
• Segregated Mandates Tailored discretionary investment mandates for institutional and private clients utilizing PAAMC HK's China and Hong Kong investment expertise.
• QDII and QFII/RQFII Advisory Consulting services for institutions providing expertise in onshore and offshore investments through QDII, QFII, and RQFII schemes.
• Structured Products Structured investment products that help diversify investments, limit negative risks, and generate potential returns.
• Hang Seng Ping An Asian Income Fund First co-branded fund with Hang Seng Investment Management, combining Hang Seng's brand and distribution reach with PAAMC HK's investment management expertise for the Hong Kong and China markets.
• UCITS Umbrella Fund UCITS Umbrella Fund structure enabling broader distribution of Ping An fund products in Hong Kong through regulatory approval and mutual recognition.

Quantifiable outcome

• Ping An Money Market Fund ranked top three for three-year performance among USD money market funds in Q3 2025 Wind-HKCAMA ranking
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered core.

• Hong Kong Exchanges and Clearing Limited (HKEX)coreChannel Partner/ Reseller/ Distributor · 7 July 2025PAAMC HK joined the HKEX Integrated Fund Platform as part of the initial cohort in July 2025. This strategic partnership enables PAAMC HK's fund products to reach a broader investor base through HKEX's distribution platform.
• Jupiter Asset ManagementcoreStrategic or Co-development Partner · 12 August 2021Jupiter Asset Management, a UK-based asset manager, appointed PAAMC HK to manage a Chinese equities portfolio. This partnership demonstrates PAAMC HK's capability to serve as a trusted investment manager for international institutional clients seeking China equity exposure.
• Securities and Futures Commission (SFC) of Hong KongcoreOthers · 15 July 2021Ping An's first UCITS Umbrella Fund obtained SFC mutual recognition for public offering in Hong Kong in July 2021, enabling broader distribution of Ping An fund products in Hong Kong through regulatory approval.
• Hang Seng Investment ManagementcoreStrategic or Co-development Partner · 18 August 2020PAAMC HK launched its first co-branded fund with Hang Seng Investment Management, the Hang Seng Ping An Asian Income Fund. This partnership leverages Hang Seng's brand and distribution reach combined with PAAMC HK's investment management expertise for the Hong Kong and China markets.
• Climate Bonds Initiative (CBI)coreStrategic or Co-development Partner · 2 March 2020PAAMC HK became the first Asian institutional investor to partner with the Climate Bonds Initiative (CBI) in March 2020. CBI is a London-based environmental advocacy organization. PAAMC HK joined CBI's partner program as the first Chinese asset management company among CBI partners and the first Asian institutional investor in the program.
• United Nations Principles for Responsible Investment (UN PRI)coreStrategic or Co-development Partner · 1 January 2019Ping An Group (parent) joined the UN PRI in 2019, with PAAMC HK subsequently implementing ESG integration across its investment processes as part of the Group's sustainability framework.
• China Securities Index Co. Ltd (CSI)coreTechnology or IntegrationCSI provides index licensing for PAAMC HK's ETFs including the Ping An CSI HK Dividend ETF (3070.HK). CSI is a subsidiary of the Shanghai Stock Exchange and provides the benchmark indices for several of PAAMC HK's key ETF products.
• Lianhe Ratings Global LimitedcoreTechnology or IntegrationLianhe Ratings Global affirmed the 'AAAmf' money market fund rating for the Ping An Money Market Fund for the third consecutive year, representing the highest money market fund rating. This third-party rating enhances credibility of PAAMC HK's money market fund products.

Scale indicators5 records

Recent moves10 records

Expansion highlights6 records

Emerging players

• Premia Partners: Hong Kong-based ETF issuer focused on China, ASEAN, and Asia thematic exposures, including innovative ETF structures. Overlaps with PAAMC HK on HKEX-listed China and Asia equity ETFs targeting similar institutional and retail channels.

Direct peers

• CSOP Asset Management: Hong Kong-headquartered asset manager and one of the largest ETF issuers in the region, with strong RMB and China equity product franchises. Directly competes with PAAMC HK across HKEX-listed ETFs, RQFII products, and mainland distribution.
• Hang Seng Investment Management: Hong Kong-based asset manager offering ETFs, unit trusts, and institutional mandates with a strong China/HK focus. Co-branded the Hang Seng Ping An Asian Income Fund with PAAMC HK in 2020, indicating directly overlapping product lines and distribution footprint.
• Bosera Asset Management International: Hong Kong arm of mainland Chinese asset manager Bosera, focused on RQFII products, HK ETFs, and cross-border China mandates. Direct competitor on RQFII-led China exposure products for institutional clients.
• China Asset Management (ChinaAMC): Hong Kong subsidiary of China Asset Management Corp, a major mainland Chinese asset manager, offering HK-listed ETFs and unit trusts with cross-border China access. Overlaps with PAAMC HK on China-themed ETFs, RQFII mandates, and QDII/QFII advisory.
• E Fund Management (Hong Kong): Hong Kong arm of one of China's largest asset managers, offering ETFs and offshore funds targeting international investors seeking China exposure. Competes directly with PAAMC HK for China-themed product mandates and HKEX ETF listings.
• Harvest Fund Management: China-based asset manager with a Hong Kong presence, offering RQFII products, HK ETFs, and segregated China mandates. Comparable to PAAMC HK on China cross-border investment vehicles and QDII/QFII advisory.
• Value Partners Group: Hong Kong-headquartered asset manager historically known for China/HK equity strategies, serving institutional and retail clients globally. Overlaps with PAAMC HK on China equity mandates and Hong Kong-domiciled fund products.

Broad incumbents

• BlackRock (Hong Kong): Global asset management giant with significant HK presence, offering iShares ETFs, segregated mandates, and institutional solutions across China and Asia. Competes with PAAMC HK on HKEX ETF listings and large institutional mandates while operating at vastly greater scale.

Regional players

• China Universal Asset Management: Large mainland Chinese asset manager with growing offshore footprint offering China equity and fixed income products through Hong Kong and cross-border channels. Comparable to PAAMC HK on RQFII, QDII, and offshore China fixed income offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/china-ping-an-insurance-overseas-holdings-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Ping An of China Asset Management