E Fund Management

E Fund Management (Chinese: 易方达基金管理) is a Chinese asset management company founded in 2001. It is considered the largest asset management company in China.[3][4]

E Fund Management Co., Ltd.
Native name
易方达基金管理有限公司
TypePrivate
IndustryFinancial services
FoundedApril 17, 2001 (2001-04-17)
Headquarters
Guangzhou, China
Productsopen-ended funds, equity funds, balanced funds, bond funds, money market funds, index funds, and asset management services.
AUMUS$396 billion (December 2022)[1]
OwnersGF Securities (22.65%)
Guangdong Yuecai Trust (22.65%)
Infore Group (22.65%)
Guangdong Rising Holdings Group (15.1%)
Guangzhou Guangyong State Owned Assets Management (7.55%)
SubsidiariesE Fund Management (Hong Kong) Co., Limited
Websitewww.efunds.com.cn
Footnotes / references
[2][3]

History

The company was established in April 17, 2001.[2] The initial shareholders were GF Securities, Guangdong Yuecai Trust, Guangdong Securities (liquidated in 2005[5]), Chongqing International Trust, Tianjin Trust and Northern International Trust. [6]

In 2004, the Midea Group acquired the company's shares from Tianjin Trust and Northern International Trust[6] and in 2005, increased its ownership to 25% after acquiring Guangdong Securities' stake.[7] In 2007, the Midea group transferred its entire stake in the company to the Infore Group.[8][9] He Jianfeng (son of Midea Group founder He Xiangjian) is considered to be the owner of the Infore Group.[8][9]

In 2008, the company established a Hong Kong Subsidiary named E Fund Management (Hong Kong) Co., Limited. [10]

References
  1. "E Fund". E Fund Management Company Limited. 21 March 2019.
  2. "China's E Fund and Dutch APG Introduce Financial Future Planning Academy - PR Newswire APAC". en.prnasia.com.
  3. Zhou, Twinkle; March 2022, senior reporter (31 March 2022). "US$425B Chinese asset manager seeks to launch Singapore unit". Asian Private Banker.
  4. "E Fund overtakes Tianhong as China's largest fund manager | Asia Asset Management". www.asiaasset.com. Retrieved 2022-09-17.
  5. "People's Daily Online -- Liquidation going on with Guangdong Securities Co". en.people.cn. Retrieved 2022-09-17.
  6. "美的参股易方达". 2021-08-10. Archived from the original on 2021-08-10. Retrieved 2022-09-17.
  7. "美的电器：成易方达并列最大股东-搜狐财经". business.sohu.com. Retrieved 2022-09-17.
  8. "美的电器转让易方达基金股权玄机大揭秘". 2021-08-10. Archived from the original on 2021-08-10. Retrieved 2022-09-17.
  9. "Here comes the son |". Week In China. 2017-06-09. Retrieved 2022-09-17.
  10. "E Fund wants to help connect Chinese investors to global markets". South China Morning Post. 2017-12-22. Retrieved 2022-09-18.
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