china everbright ltd. invests in “prestige capital asset management” to become one of its substantial shareholders
business related 20 jun 2014
(20 june, 2014) china everbright limited (“cel”, stock code: 165.hk) is pleased to announce that recently it has successfully invested in an asset management company named prestige capital asset management company limited (“pcamc”, proposed to be renamed as everbright prestige capital asset management company limited. registration for the change is in progress).
cel becomes one of the substantial shareholders of pcamc after the capital injection. with cel's capital contribution and support, pcamc is poised to become one of the leading rmb asset management platforms in china. the cooperation this time with china post & capital fund management company limited ("china post fund") has strategic significance of integrating the financial resources of both cel and china post fund, complementing their respective advantages to each other and realizing synergetic development.
pcamc, the former asset management department in china post fund was established in 2011. on 20 march 2013, it has received the “p.r.c certificate of business qualification of asset management for specific clients” issued by china securities regulatory commission. its business scope covers onshore asset management for specific clients with investments in various kinds of financial and financial derivatives products such as options and bonds etc. it has also established business partnerships with agricultural bank of china, postal saving bank of china, china international capital corporation limited, citic trust, citic construction co. ltd, beifang futures and china merchants futures, rendering high quality professional financial services for institutional and individual investors.
cel is optimistic on the business prospect of pcamc. leveraging on china post fund’s impressive capital strength and business scale, in addition to its experience in capital operations and professional teams specialized in finance and investment, together with cel’s diversified cross-border asset management businesses, as well as its integrated risk control system, pcamc aims to become a leading asset management company in the industry.
cel becomes one of the substantial shareholders of pcamc after the capital injection. with cel's capital contribution and support, pcamc is poised to become one of the leading rmb asset management platforms in china. the cooperation this time with china post & capital fund management company limited ("china post fund") has strategic significance of integrating the financial resources of both cel and china post fund, complementing their respective advantages to each other and realizing synergetic development.
pcamc, the former asset management department in china post fund was established in 2011. on 20 march 2013, it has received the “p.r.c certificate of business qualification of asset management for specific clients” issued by china securities regulatory commission. its business scope covers onshore asset management for specific clients with investments in various kinds of financial and financial derivatives products such as options and bonds etc. it has also established business partnerships with agricultural bank of china, postal saving bank of china, china international capital corporation limited, citic trust, citic construction co. ltd, beifang futures and china merchants futures, rendering high quality professional financial services for institutional and individual investors.
cel is optimistic on the business prospect of pcamc. leveraging on china post fund’s impressive capital strength and business scale, in addition to its experience in capital operations and professional teams specialized in finance and investment, together with cel’s diversified cross-border asset management businesses, as well as its integrated risk control system, pcamc aims to become a leading asset management company in the industry.
