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The first half-year report of fund companies is released! China Asset Management's revenue and net profit both declined

2024-08-06

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This year's first half-year performance report of fund companies is releasedChina Asset Management's revenue and net profit both declined compared to the same period last year.

On August 6, CITIC Securities (600030.SH) disclosed the unaudited first-half results of its subsidiary Hua Xia Fund. The operating income was 3.669 billion yuan, a year-on-year decrease of 1.13%; the net profit was 1.062 billion yuan, a year-on-year decrease of 1.21%.

Wind data shows that in terms of the size of funds managed in the second quarter of this year,China Asset Management has a management scale of 1,508.542 billion yuan, second only to E Fund Management's 1,845.401 billion yuan, ranking second in the industry.

It is worth noting that in June this year, media reported that Qatar's sovereign wealth fund had agreed to purchase a 10% stake in China Asset Management.The Qatar Investment Authority intends to purchase shares from Tianjin Haipeng Technology Consulting Co., Ltd. (Tianjin Haipeng), the third largest shareholder of China Asset Management.

According to a previous announcement by CITIC Securities, it agreed that the third largest shareholder Tianjin Haipeng (Primavera Capital is the actual controlling party of Tianjin Haipeng) intends to transfer 10% of the equity of China Asset Management at a price of no less than US$490 million (approximately RMB 3.55 billion). If this transaction can be completed, Qatar Investment Authority will become the third largest shareholder of China Asset Management.

Tianyancha data shows that the current actual controller and largest shareholder of Hua Xia Fund is CITIC Securities, which holds a 62.2% stake; foreign institution Mackenzie Financial Corporation is the second largest shareholder, holding 27.8% of Hua Xia Fund; Tianjin Haipeng is the third largest shareholder, holding 10% of Hua Xia Fund.

Part of this article comes from Nancai News