It is understood that Hua Hui Wealth Management was approved by the China Banking Regulatory Commission on February 20 19, and the company was registered in Shanghai Lingang New District, in which Oriental Huili Asset Management Company holds 55% of the shares and Bank of China Wealth Management Co., Ltd. holds 45% of the shares. Hua Hui Wealth Management is the first approved foreign joint venture wealth management company in China.
The main business of Hua Hui Wealth Management will include issuing public wealth management products, issuing private wealth management products, providing financial consultancy and consulting, and other asset management-related services. Among them, providing financial products to retail investors in China is the initial business focus. This business will first cover the customers of Bank of China, and will be gradually introduced to other sales channels and online sales platforms. In addition, Hua Hui Wealth Management will gradually expand institutional investors' customers. On the whole, Hua Hui's financial planning focuses on creating "fixed income plus" and "multi-asset" products, which can provide attractive returns for investors and control risks at a low level.