June 26, 2018, Beijing - Leading industry magazine "Asiamoney" announced the winners of the 2018 Asiamoney China Independent Wealth Management category. Following winning this category in 2017, CreditEase Wealth Management again won the “Best Wealth Management Firm of the Year “ and also won "Best Wealth Manager for Fund of Funds “for the first time.
In 2017, "Asiamoney" began selecting non-bank wealth management institutions for their "Excellence in Chinese Wealth Management" award, and committed to selecting leading market participants who have led the development and transformation of China's wealth management industry through innovation.
Ning Tang, founder and CEO of CreditEase, has outlined five major long-term trends in the Chinese wealth management industry: a rebalancing from fixed income to equity, from short-term speculation to long-term investment, from domestic (China) to global, from single product to asset allocation and from single generation investment to succession planning and handing down family wealth from one generation to the next.
The CreditEase Wealth Management service offering has been developed around these key trends, and provides customers with services covering investment, education, inheritance and succession planning, life, and philanthropy, considered the core requirements of China’s high-net-worth individuals(HNWIs). In terms of investment, CreditEase Wealth Management offers fund of funds(FOFs) covering multiple asset categories, supplemented by a single fund and direct project investment opportunities, which support HNWIs in asset allocation and risk distribution. CreditEase Business School provides education at home and abroad, access to top global business school courses, and field trips to global cities and world-class companies to help broaden client international outlooks, and also understand and import overseas practices to China. The “YiNongDai” social welfare platform provides clients with the chance to participate in philanthropic activities and social finance. In the area of inheritance, CreditEase Wealth Management is currently the only domestic wealth management institution that provides domestic, offshore, and US citizen’s family trust advisory services.
CreditEase is also one of the first domestic institutions to promote the use of FOFs to invest in alternative assets. Since the launch of the first CreditEase FOFs in 2013, private equity, capital markets, and real estate FoFs in multiple fields have been launched, and these products have bene recognized externally, having won numerous industry awards.
CreditEase Wealth Management’s rivate equity FOFs now exceed 20 billion RMB, and the investment teams, located in Beijing, Shanghai, Hong Kong and Singapore, have established close cooperation with leading GPs in various industries, and have allocated to more than 200 funds domestically and overseas, providing exposure to more than 4,000 high-growth companies at home and abroad. Among them, there are more than 100 listed or New Third Board listed companies and more than 40 unicorn enterprises.
CreditEase Wealth Management’s global real estate FOF product line is the largest domestic real estate FOFs investment platform. Current partners include Tishman, Blackstone, Carlyle, Starwood, Lone Star and other leading institutions. CreditEase capital market FOFs allocate across long/short, macro, fixed income, quantitative hedging, event-driven, CTA, and other different types of strategies, and have diversified assets such as stocks, bonds, commodities, foreign exchange and derivatives, with stock exposures covering A shares, Hong Kong stocks, US stocks, and emerging markets.
"Asiamoney" is affiliated to Euromoney Institutional Investor PLC, the world's most influential financial media and financial information group. The group also includes Euromoney, Institutional Investor, and several other well-known brands. "Asiamoney" is committed to providing crucial financial and investment market analysis for capital issuers, institutional investors, and corporate management and government monetary decision-making levels in the Asia-Pacific region. It has also selected institutions for Best Cash Management Bank and Best Private Banking. The past award-winners of these awards are all well-known foreign institutions.