Core Viewpoint - The establishment of the first operational subsidiary in the fund industry by Huaxia Fund marks a significant breakthrough in the sector, allowing for enhanced operational services related to asset management and valuation for banks and their wealth management subsidiaries [1][3]. Group 1: Regulatory Approval and Company Details - The China Securities Regulatory Commission (CSRC) has approved Huaxia Fund to establish a wholly-owned subsidiary named Beijing Huaxia Jinke Information Service Co., Ltd., with a registered capital of 100 million RMB [3][5]. - The subsidiary will provide services such as share registration, valuation, and accounting for wealth management products, along with data analysis and investment monitoring [3][5]. Group 2: Industry Context and Demand - The establishment of this subsidiary comes at a time when the demand for valuation services is increasing due to regulatory changes in bank wealth management, particularly as the mid-year evaluation approaches [2][7]. - Public funds are seen as a benchmark for standardized operations in the asset management industry, and large fund companies are leveraging their experience to enhance performance through specialized service subsidiaries [2][7]. Group 3: Future Developments and Trends - The move aligns with the CSRC's previous initiatives to support the establishment of subsidiaries for public funds to enhance comprehensive wealth management capabilities [3][8]. - Other fund companies, such as Chuangjin Hexin Fund, are also exploring similar operational service subsidiaries, indicating a trend towards specialization and differentiation in the fund management industry [5][8].
基金业首家运营子公司,获批!
Zhong Guo Ji Jin Bao·2025-06-28 08:16