Schroder BOCOM Wealth Management Co., Ltd. Receives Regulatory Approval for Business Commencement
Schroder BOCOM Wealth Management Co., Ltd. (“Schroder BOCOM Wealth Management”) received approval for business commencement from the China Banking and Insurance Regulatory Commission (“CBIRC”) on 26 January 2022, becoming the third sino-foreign joint venture wealth management company approved for business commencement.
The registered capital of the company is RMB 1 billion and the place of registration is Shanghai. Schroder Investment Management Limited holds a 51% stake in Schroder BOCOM Wealth Management, whilst Bank of Communications Wealth Management Co., Ltd. holds 49% of shares.
Schroder BOCOM Wealth Management will leverage the complementary expertise and strengths of both shareholders across multiple disciplines, from client resources, product design, and investment capabilities to risk management. This new company will draw on the Schroder group’s years of experience in using big data to support investment research and decision, and its expertise in multi-asset management to make available a diverse product range. In parallel, the company will also align the positioning of investment strategies to address the risk and return appetite of local investors, with an aim to provide clients with world-class wealth management services.
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