Value Partners Group receives private fund management license in China

Value Partners becomes the first Hong Kong-headquartered asset manager to receive approval for a private fund management license

VALUE Partners Group Limited, an independent asset manager in Asia, has said that its wholly-owned subsidiary Value Partners Investment Management (Shanghai) Limited has successfully registered with the Asset Management Association of China (AMAC) as a private fund management firm.

Value Partners becomes the first Hong Kong-headquartered asset manager to receive approval for a private fund management license, marking an important milestone for the growth of the deep and special ties that the Special Administrative Region’s financial services sector shares with Mainland China.

The license will enable Value Partners Shanghai to develop its own-branded onshore investment products for eligible institutional and high net worth investors in China and is a key pillar of the Group’s multi-pronged China strategy.

“We are honoured to be the first Hong Kong-headquartered asset manager to receive a private fund management license and we thank AMAC and the China Securities Regulatory Commission for their continued support,” says Au King Lun, chief executive officer of Value Partners. “We are excited to embark on this new phase of growth as we continue to strengthen our position as an investment solutions provider to investors in China and a China investments expert to investors elsewhere in the world.”

Yu Xiaobo, investment director and head of China business at Value Partners, says, “China’s burgeoning demand for investment products presents an exciting setting for Value Partners to leverage on its 24 years of proven investments expertise on value investing to offer world class asset management services for our investors.”