On 17 December 2015 CHINA ASSET MANAGEMENT (HK) Limited, a wholly owned subsidiary of China Asset Management Co., Limited, one of the largest asset management companies in China, signed an agreement with CADERUS CAPITAL, a Russian-Chinese investment group.
The agreement initiates the launch of the first CADERUS investment fund managed by CHINA ASSET MANAGEMENT (HK) Limited and focused on investing in Chinese equities.
Investments will be executed in Hong Kong, including via RQFII quota and the Hong Kong - Shanghai Stock Connect, which allows to overcome regulatory barriers for international investment into Chinese mainland stocks.
Fund raising for the fund will be organized with the participation of top Russian brokerage firms.
FREDDIE CHEN, Chief Business Development Officer of China Asset Management (HK) Limited: “We are glad to start our cooperation with Caderus Capital to offer our expertise in the Chinese equity market to Russian investors. China has one of the world’s most dynamic and evolving equity markets, which is attracting more and more attention from international investors. We view our partnership with Caderus Capital as a confirmation of this global trend.”
ANDREI AKOPIAN, Managing partner of CADERUS CAPITAL: “Our partnership with CHINA ASSET MANAGEMENT (HK) Limited is the result of long-term focused efforts building the investment platform for our clients in Russia and in China. I am very glad that we can now offer to Russian investors access to such a large and attractive Chinese equity market based on the expertise and experience of one of the largest and most authoritative asset management firms in China”.
CHINA ASSET MANAGEMENT Co., Limited is one of the top asset management groups in China, with total assets under management of over USD107bn and a market share of 5.56% (as of 30 June 2015).
CADERUS CAPITAL is a Russian-Chinese investment company, offering investment banking and consulting services to companies, institutional and private investors both in Russia and in China.