长江证券(上海)资产管理有限公司

What 长江证券(上海)资产管理有限公司 does

Changjiang Securities (Shanghai) Asset Management Co., Ltd. (长江资管) is a wholly-owned asset management subsidiary of Changjiang Securities Co., Ltd. (000783.SZ, listed on Shenzhen Stock Exchange), established on September 16, 2014 with CSRC approval, though its operational heritage traces to Changjiang Securities' Asset Management Headquarters dating back to 2001. The company operates a six-module investment platform spanning fixed income, equity, quantitative, FOF (fund of funds), asset securitization, and multi-asset strategies, and runs three product lines: publicly offered securities investment funds (公募基金), collective asset management plans (集合计划) for qualified investors, and specialized asset-backed plans (专项计划). As of end-2024, the company manages 70+ publicly offered fund products across categories including money market funds (e.g., Changjiang Lexiang 003365, Changjiang Huobi Guanjia 890017), bond funds (e.g., Changjiang Zunli 890005), hybrid funds (e.g., Changjiang Tianli 009700, Changjiang Smart Manufacturing), index-enhanced strategies (CSI A500, CSI All Share), thematic equity (new energy, intelligent manufacturing, quantitative consumer), convertible bond, and FOF vehicles.

Revenue is generated primarily through recurring management fees on AUM, structured via Class A (front-end subscription fee with lower annual management fee) and Class C (no subscription fee, higher annual service fee) share class architectures across public funds, plus management fees on collective and specialized plans. Registered capital has grown from RMB 2 billion at founding to RMB 10 billion in March 2017 and RMB 23 billion in December 2019, indicating successive capital injections by the parent. Go-to-market is sales-led and channel-driven: the parent company's 95579 brokerage network (32 branches, 245+ securities outlets across 31 provinces and 157 cities as of end-2024) serves as the primary distribution channel, complemented by third-party platforms including Ant Financial (蚂蚁基金), JD Kenntyre, Xueqiu, Noah Fund, Howbuy, Liantai, Lufunds, Jiyufund, LeadFund, Wind Fund, and banking partners (China Postal Savings Bank, Ningbo Bank, Ping An Bank, China Merchants Bank, Agricultural Bank of China). Customer service operates via hotline 4001-166-866 and email [email protected].

The company holds public fund management qualification (granted January 2016), insurance fund management qualification (originally 2012, renewed June 2017), and full securities business licenses. Its website lists 177 named employees across investment, trading, sales, operations, and support functions. Notable corporate actions include the 2026 establishment of an audit committee and abolition of supervisor role, signaling governance modernization aligned with parent company structure. The firm has accumulated multiple Golden Bull (金牛奖) and Jundi (君鼎奖) awards from China Securities Journal and Securities Times across 2021-2025, and was recognized in 2025 as a Hongkou District leading emerging enterprise.

Name

长江证券(上海)资产管理有限公司

Legal name

长江证券（上海）资产管理有限公司

Website

https://cjzcgl.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Changjiang Securities (Shanghai) Asset Management is a wholly-owned subsidiary of Changjiang Securities (000783.SZ), managing public funds, collective plans, and asset securitization vehicles across fixed income, equity, quantitative, and FOF strategies for Chinese retail and qualified institutional investors.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Financial Vehicles (525990)

SIC

Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL)

akta.pro secondary industries

Multi-Asset Fund-of-Funds & Multi-Manager Allocation (FSAAAJAI), Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)

Keywords

• Asset management
• Mutual funds
• Portfolio management
• Wealth management
• Investment funds

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Public Fund Management Fees: Management fees from publicly offered securities investment funds, calculated as a percentage of AUM. Fee rates vary by product type (money market funds typically lower, active equity/hybrid funds higher) and share class (Class A with front-end subscription fees vs Class C with trailing service fees).
2. Collective Asset Management Plans: Management fees from privately offered collective asset management plans targeting qualified investors, including fixed-income focused private fixed income and private equity products.
3. Specialized Asset Management Plans: Revenue from asset-backed special plans (专项计划) for specific asset securitization projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

The company manages a multi-asset investment platform covering six business modules (fixed income, equity, quantitative, FOF, asset securitization, and multi-asset investment) offered through three product lines: publicly offered securities investment funds (公募基金), collective asset management plans (集合计划), and specialized asset-backed plans (专项计划). Products include money market funds, bond funds, hybrid funds, equity funds, FOFs, convertible bond funds, and index-enhanced funds distributed to retail investors, qualified investors, and institutional clients via its parent company's brokerage network and third-party distribution partners.

Product overview

长江证券（上海）资产管理有限公司 operates as a fully-owned subsidiary of Changjiang Securities Co., Ltd. (000783.SZ), managing a comprehensive asset management platform comprising three core product lines: (1) 公募基金 (Public Funds) — including money market funds, bond funds, hybrid funds, stock funds, and FOF products offered to the general public through direct and third-party distribution channels; (2) 集合计划 (Collective Plans) — private collective investment plans for qualified investors; and (3) 专项计划 (Special Plans) — asset-backed securities products. The company manages over 70 publicly offered fund products across multiple categories including fixed income, equities, quantitative strategies, and multi-asset allocation. Key products include 长江尊利债券型证券投资基金 (bond fund), 长江添利混合型证券投资基金 (hybrid fund), 长江货币管家货币市场基金 (money market fund), and 长江智选3个月持有混合(FOF) (fund of funds), among others spanning equity, bond, money market, and FOF categories. Distribution is handled through the company's proprietary platform (www.cjzcgl.com) as well as 40+ third-party distribution institutions including banks, securities firms, and independent fund sales platforms.

Differentiator

Problem solved

Functional benefit

Brands

• 长江尊利债券型证券投资基金: 债券型公募基金产品
• 长江添利混合型证券投资基金
• 长江乐享货币市场基金
• 长江货币管家货币市场基金

Products and services

• Publicly Offered Securities Investment Funds (公募基金) Publicly offered securities investment funds including money market funds, bond funds, hybrid funds, equity/stock funds, FOF funds, convertible bond funds, index-enhanced funds, and themed sector funds, managed by Changjiang Asset Management for retail and institutional investors and distributed through banks, brokerage networks, and third-party platforms.
• Collective Asset Management Plans (集合计划) Privately offered collective asset management plans targeting qualified investors, including private fixed income and private equity strategies, managed by Changjiang Asset Management.
• Specialized Asset-Backed Plans (专项计划) Specialized asset-backed plans (专项计划/资产证券化产品) targeting specific asset securitization projects and investor segments.
• Changjiang Zunli Bond Fund (长江尊利债券型证券投资基金) Bond-type securities investment fund (fund code: 890005) investing primarily in fixed-income instruments with moderate equity exposure, managed by Changjiang Asset Management and custodied with China Merchants Bank.
• Changjiang Tianli Hybrid Fund (长江添利混合型证券投资基金) Hybrid securities investment fund (fund code: 009700) with 0-40% equity allocation, aiming for steady asset appreciation under controlled risk, custodied with Bank of China and Agricultural Bank of China.
• Changjiang Huobi Guanjia Money Market Fund (长江货币管家货币市场基金) Money market fund (fund code: 890017) providing cash management with daily liquidity, investing in short-term monetary instruments.
• Changjiang Lexiang Money Market Fund (长江乐享货币市场基金) Money market fund (fund code: 003365) offering stable liquidity management with returns benchmarked to 7-day notice deposit rates.
• Changjiang Changyang Hybrid Fund A/C (长江长扬混合发起A/C) Hybrid open-end fund (codes: 019293/019294) targeting aggressive growth investors.
• Changjiang New Energy Industry Hybrid Fund A/C (长江新能源产业混合型A/C) New energy industry themed hybrid fund (codes: 011446/011447) focusing on clean energy and new energy sectors.
• Changjiang Convertible Bond Fund A/C (长江可转债债券A/C) Convertible bond fund (codes: 006618/006619) investing in convertible bonds and related instruments.
• Changjiang Intelligent Manufacturing Hybrid Fund A/C (长江智能制造混合型发起式A/C) Intelligent manufacturing themed hybrid fund (codes: 014339/014340) targeting advanced manufacturing sector.
• Changjiang Quantitative Consumer Stock Fund A/C (长江量化消费精选股票型发起式A/C) Quantitative consumer sector equity fund (codes: 010801/010802) using quantitative models to select consumer stocks.
• Changjiang Zhixuan 3-Month Holding Hybrid FOF A/C (长江智选3个月持有混合(FOF)A/C) 3-month holding period hybrid fund of funds (codes: 890008/014936) investing in underlying funds with a 3-month minimum holding period.
• Changjiang Hongli Return Hybrid Fund A/C (长江红利回报混合型发起式A/C) Dividend-focused hybrid fund (codes: 013934/013935) targeting high dividend yield stocks.
• Changjiang CSI A500 Index Enhanced Fund A/C (长江中证A500指数增强发起A/C) CSI A500 Index enhanced fund (codes: 024352/024353) providing enhanced returns over the A500 benchmark.
• Changjiang CSI All Share Index Enhanced Fund A/C (长江中证全指指数增强发起A/C) CSI All Share Index enhanced fund (codes: 026183/026184) with quantitative enhancement strategies.
• Changjiang Huizhi Quantitative Stock Selection Hybrid Fund A/C (长江汇智量化选股混合发起A/C) Quantitative stock selection hybrid fund (codes: 021404/021405) using proprietary quantitative models.

Quantifiable outcome

• Multiple金牛奖 (Golden Bull Awards) and君鼎奖 (Jundi Awards) from China Securities Journal and Securities Times from 2021-2025
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eleven partnerships are on record, tiered major, core and flagship.

• 招商银行股份有限公司majorChannel Partner/ Reseller/ DistributorCustodian bank for Changjiang Zunli Bond Fund (890005) and Changjiang Tianli Hybrid Fund (009700); also serves as distribution partner through CMB Wealth Management platform (招赢通)
• 中国农业银行股份有限公司majorChannel Partner/ Reseller/ DistributorCustodian bank for Changjiang Tianli Hybrid Fund (009700); major banking distribution partner for fund sales
• 中国邮政储蓄银行股份有限公司majorChannel Partner/ Reseller/ DistributorBanking distribution partner with 95580 hotline; also offers products through邮你同赢 platform (ynty.psbc.com)
• 蚂蚁（杭州）基金销售有限公司majorChannel Partner/ Reseller/ DistributorOne of China's largest third-party fund distribution platforms, providing fund sales services through Alipay and Ant Fortune apps
• 京东肯特瑞基金销售有限公司coreChannel Partner/ Reseller/ DistributorJD.com affiliated fund distribution platform (95118) serving retail investors
• 宁波银行股份有限公司coreChannel Partner/ Reseller/ DistributorBanking distribution partner (95574) for fund products
• 平安银行股份有限公司coreChannel Partner/ Reseller/ DistributorDistribution partner through Ping An Bank platform (95511-3)
• 北京雪球基金销售有限公司coreChannel Partner/ Reseller/ DistributorXueqiu (danjuanfunds.com) fund distribution platform serving retail investors (400-159-9288)
• 诺亚正行基金销售有限公司coreChannel Partner/ Reseller/ DistributorNoah Fund (www.noah-fund.com) distribution platform (400-821-5399)
• 上海好买基金销售有限公司coreChannel Partner/ Reseller/ DistributorHowbuy (www.ehowbuy.com) fund distribution platform (400-700-9665)
• 长江证券股份有限公司flagshipChannel Partner/ Reseller/ DistributorParent company (100% ownership) and primary distribution channel. Changjiang Securities (95579, stock code: 000783) is a full-service securities firm with 32 branches and 245+ outlets nationwide

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• E Fund Management Co., Ltd. One of China's largest public mutual fund managers offering money market, bond, hybrid, equity, and FOF products across retail and institutional channels. Directly comparable as a multi-category Chinese asset manager competing for the same distribution shelf space and mandates.
• China Merchants Fund Management Co., Ltd. Bank-affiliated Chinese asset manager that also serves as a custodian bank partner to Changjiang Asset Management. Comparable as a multi-category mutual fund manager with overlapping institutional and retail client base.
• GF Fund Management Co., Ltd. Diversified Chinese asset manager with broad public fund lineup including bond, equity, hybrid, and FOF products. Comparable as a peer competing for distribution across major bank and third-party platforms.
• Harvest Fund Management Co., Ltd. Top-tier Chinese mutual fund manager with strong fixed-income and equity franchises. Comparable as a full-service asset manager with similar product breadth, multi-channel distribution, and award-track-record positioning.
• Bosera Asset Management Co., Ltd. Established Chinese mutual fund manager with strong institutional and retail presence across fixed income, equity, and FOF. Comparable in product diversity and distribution through bank and third-party channels.
• Huatai Securities (Shanghai) Asset Management Co., Ltd. Wholly-owned asset management subsidiary of Huatai Securities with comparable regulatory qualifications and product breadth. Direct comparable as a securities-firm-affiliated asset manager operating public funds, collective plans, and ABS products.
• China Asset Management Co., Ltd. (China AMC): Major Chinese mutual fund manager with comprehensive public fund offerings including FOF and multi-asset strategies. Comparable as a similarly diversified manager competing for retail awards and institutional mandates.
• China Southern Asset Management Co., Ltd. Major Chinese mutual fund manager offering public funds across all major categories. Directly comparable in scale and product mix to Changjiang Asset Management's public fund business.
• Guotai Junan Securities Asset Management Co., Ltd. Asset management arm of Guotai Junan Securities, also listed as a partner distribution channel for Changjiang. Closely comparable as a sister subsidiary of a major Chinese securities firm with public fund management qualification and similar product structure.

Emerging players

• China Universal Asset Management: Chinese public fund manager that has built category-leading positions in FOF and multi-asset products. Relevant comparable given the increasing strategic emphasis Changjiang Asset Management places on its FOF and multi-asset modules.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/%E9%95%BF%E6%B1%9F%E8%AF%81%E5%88%B8-%E4%B8%8A%E6%B5%B7-%E8%B5%84%E4%BA%A7%E7%AE%A1%E7%90%86%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 长江证券(上海)资产管理有限公司