China Asset Management Co (ChinaAMC) is taking steps to expand its global business by offering comprehensive, one-stop services for foreign investors looking to allocate to Chinese assets.
Latest official figures show that net inflow into China’s equity and bond markets was US$33 billion in the first five months last year, reversing from a $65 billion outflow in all of 2024.
The A-share market grew 18% in 2025, supported by new measures, including expansion of the scope of investments for the Qualified Foreign Institutional Investor, a scheme that allows foreign investors to invest in Chinese stocks and bonds.
“Last year, the Chinese stock market experienced a rally as the government implemented policies to further open up the capital markets,” Bei Shi, executive head of global capital division at Beijing-based ChinaAMC, says in an interview with Asia Asset Management. “International investors are increasingly attracted to Chinese assets, not only because of their attractive valuations but also due to strong corporate earnings.”
ETFs
ChinaAMC is the second largest asset manager in China, with around 3.24 trillion RMB (US$470 billion) of assets as of end-2025. The firm, one of China’s oldest asset management firms, is leveraging more than 20 years of investment and research expertise to help global investors to tap into the Chinese market effectively.
“We see ourselves as China experts with a global mindset,” Shi says. “This distinction is crucial in setting us apart from other Chinese managers.”
The firm is also the largest exchange-traded fund manager in China, with over 1 trillion RMB of ETF assets.
It has collaborated with various institutions to launch broad-based and thematic funds overseas, including a technology-focused ETF in partnership with US quantitative investment firm Rayliant Investment Research. The fund was listed on Nasdaq last September. Its underlying index was designed by ChinaAMC.
“Our goal was to track China’s emerging technological advancements and innovation,” Shi says. “We work closely with our partners to offer investors targeted exposure to China’s growth story.”
Last year, ChinaAMC expanded into Southeast Asia by teaming up with asset managers in Thailand, one of the ten members of the Association of Southeast Asian Nations.
It collaborated with Bangkok Bank Asset Management to launch the first China A500 ETF feeder fund outside of China, and formed a partnership with InnovestX Securities to list a feeder fund linked to its Chinese broad-based and technology-themed ETFs on the Stock Exchange of Thailand.
“This move aligns with the trend of many Chinese companies going global. Many of them have identified ASEAN as their initial destination,” Shi says.
She adds that the company will continue to strengthen its index design capabilities to maintain its leading position.
“Our goal is to capture the evolving themes of China’s economic transformation,” she says. “We’re looking to go beyond off-the-shelf benchmarks and explore new areas such as virtual assets, which have been approved in individual markets like Hong Kong.”
According to Shi, one of ChinaAMC’s priorities this year is to integrate its self-developed technologies with product design and investment concepts, thereby enhancing its overall investment processes.
