CreditEase Wealth Management Named One of China’s Top 3 FoFs
Beijing, November 8, 2016 – CreditEase Wealth Management, the independent wealth management arm of CreditEase company, was ranked in top 3 China Marketization FoFs, released by 2016 China Private Equity Summit on November 6 in Beijing. CreditEase Wealth Management won the great honor based on professional FOF management competence and huge influence on the industry.
On the same occasion, CreditEase Wealth Management was also awarded the prizes of “China’s Most Active FoFs Top 10” and “China’s Most Influential FoFs Top 10”.
The event, hosted by China FoF Alliance and co-hosted by China Investor Association, intended to strengthen the capital chain of private equities and construct a sound investment environment by integrating industrial resources, particularly from FoFs. Participating organizations included central government agencies and liaises such as Ministry of Science and Technology, National Development and Reform Commission and All-China Federation of Industry & Commerce, 34 member companies of China FoF Alliance and China’s Top 500 fund management firms in areas of angel investment, venture capital and private equity.
In order to ensure the fairness and credibility of those awards, China FoF Alliance set professional, detailed criteria, including around 20 indicators such as management team, past performance, investment experience, resource coordination, fund size and risk control capabilities etc. Also, the process of review was fully supervised by Torch High Technology Industry Development Center, which belongs to Ministry of Science and Technology.
The ranking also recognized the excellence of CreditEase Wealth Management’s partnering companies: ZhenFund was awarded China’s top angel investment fund, Matrix Partners China secured the first place among venture capitals, and other partners, including IDG Capital, Qiming Venture Partners, Legend Capital, Banyan Capital, Shunwei Capital, Gobi Partners, Unity Ventures, GGV Capital, Frees Fund, NewMargin Ventures, Morningside Venture Capital, Sinopharm Capital, GTJA Investment, China Renaissance, Greenwoods Investment and Co-Stone Capital, were among the winners of various prize lists regarding angel investment, venture capital and private equity.
Moreover, founding partners of these companies named to the list of “2016 China’s Top 50 Most Poplar Partners” included Xu Xiaoping from ZhenFund, Lei Jun from Shunwei Capital, Chen Hao, Zhu Linan, Wang Nengguang, Ouyang Xiangyu from Legend Capital, Zhang Ying and Xu Chuansheng from Matrix Partners China, Xiong Xiaoge and Guo Yi Hong from IDG Capital, Zhou Wei from KPCB,Gao Xiang and Zhang Zhen from Banyan Capital, Kuang Ziping from Qiming Venture Partners, Fu Jixun and Li Hongwei from GGV Capital, and Cai Dajian from GTJA.
Today is an unprecedentedly grand occasion. Not only the guests of the Summit are honorable, but the review of the prizes is also credible, precise, and objective. The ranking provides an effective and clear reference to evaluate private equities industry in China, said Ms. Junxia “Cally” Liao, managing partner of CreditEase VC/PE FOFS. Being honored as one of China’s top 3 FoFs is an excellent certification of CreditEase Wealth Management outstanding capabilities in investment, management and business operations, Liao said.
About CreditEase Wealth Management
The independent wealth management arm of CreditEase focuses on comprehensive global asset allocation service for high-net-worth individuals in China, offering a wide range of services and products, available in multiple currencies (RMB, USD, EUR and etc.), for onshore and offshore investment in areas of fixed income, private equity, capital market, hedge funds, real estate, insurance, investment immigration and international education. It commits to provide high-quality assets in line with customers’ asset situation and expectations, as well as formulating comprehensive plans for their wealth preservation and growth.
CreditEase is a leading FinTech company in China, specializing in small business and consumer lending as well as wealth management for high net worth and mass affluent investors. It is a Standing Committee member of China’s Internet Finance Industry Association and Chairman of Beijing Marketplace Lending Association. Its majority owned subsidiary Yirendai (NYSE: YRD), an online consumer finance marketplace, is listed on the New York Stock Exchange.