Asiamoney Best Wealth Managers in China

Avic Trust, co-founded by China State Aviation Industry Group and Singapore’s OCBC Bank, is one of the top 10 trust companies in China. Avic caters to high net-worth individuals who want to set up family trusts. Such trusts have at least Rmb10 million ($1.4 million) in assets, and Avic offers both onshore and offshore financial planning.

Noah Holding’s subsidiary Gopher Asset Management is primarily a fund of funds (FoF) manager with total assets under management of around Rmb170 billion ($24.5 billion). The FoF has delivered an annualized rate of return ranging from 50% to 100% through various strategic stakes in more than 100 funds from around the world and 200 venture companies.

Founded in 2007, Noah Holdings is China’s leading wealth management service provider for 2019, focused on global wealth investment and asset allocation services for high net-worth individuals as well as enterprises.

The country’s wealth management industry is slowly but surely moving from growing pains to growing opportunities. Asiamoney profiles the leaders in an increasingly competitive field

Wealth management is a fairly new business for Chinese securities firms. The Securities Association of China ranked Founder Securities as the 13th largest domestic securities firm by assets for 2016, the latest ranking available. But the Shanghai-listed firm is ahead of other domestic securities firms in establishing a fully fitted unit and adopting international practices to enable the growth of the wealth management business.

Avic Trust is not the largest trust firm in China, but it has led the transformation of the domestic industry from mere distributors of investment products for infrastructure and real estate projects to wealth managers. Because of its strong capability in developing family trust products, the firm is poised to join the ranks of the top-tier trust firms in China.

Noah has led domestic wealth management firms in terms of global expansion to serve high net-worth overseas Chinese clients. It has made remarkable progress on that front, under co-founder and chief executive Jingbo Wang.

CreditEase has led domestic wealth management firms in the roll out of fund of funds products across a wide range of asset classes, from private equity and public equity to real estate. Its FoF products stand out thanks to their record of delivering steady returns for investors.

New York-listed Noah Holdings has won more high net-worth clients than its domestic peers. It continues to expand its customer base at a rapid pace, supported by its extensive business network and strong service capabilities.