New China Asset Management Corporation Limited is approved by the China Insurance Regulatory Commission in May 2006, and is established as an official professional asset management company on July 3rd 2006. The company initially starts as the Investment Management Centre under New China Life Insurance Corporation Limited. The company is registered using capital of 500 million CNY, with New China Life Insurance Corporation Limited as the majority shareholder.
New China Asset Management Corporation Limited possesses an integral legal person regulatory structure and a professional organizational structure, which based on five main management systems, including regulatory structure, investment management, risk management, information system management and operation management. The company has setup fifteen functional departments in total, which are the Portfolio Management Department, the Equity Investment Department, the Research Department, the Fixed-income Department, the Fund Investment Department, the International Business Department, the Program Investment Department, the Credit Evaluation Department, the Centralised Trading Department, the Operation Management Department, the Legitimacy and Risk Management Department, the Information Management Department, the Human Resources and Administration Department and the Finance Management Department. In 2013, the subsidiary, New China Asset Management (Hong Kong) Ltd., is opened in Hong Kong.
New China Asset Management Corporation Limited currently ranks third among all the China’s insurance asset management companies by asset size under management, approximately 500 billion CNY. This speaks highly for its outstanding professional team of around 120 hybrid experts who excel Finance, Accounting and Entrepreneurial Management, as well as understand the capital market thoroughly.
The company’s business scope mainly covers management of proprietary capital and insurance capital, management of delegated capital, consultation services related to capital management and other asset management services permitted by the national laws. It has gradually become a major institutional investor in the China’s capital market, including the share market, the fund market, the debt market and the alternative investment market, et cetera.