Hong Kong-headquartered Value Partners is preparing to transform into an international asset manager in the next few years and China is a key market for the company, CEO King Au told Citywire Asia.
Last week, Value Partners secured the private fund management (PFM) license from the Asset Management Association of China. This will allow the group to offer onshore investment products to high-net-worth and institutional investors in the country.
‘Being stationed in Hong Kong, we see that we can bridge China and the rest of the world to provide investment solutions to our mainland investors, because China is now one of the largest wealth management markets in the world,’ Au said.
‘Soon or later, they will demand a full range of products from their providers,’ he added.
Ever since setting up shop in 2009, Value Partners has gradually established distribution network with local private banks and their asset managers.
Currently managing $16.5 billion in assets, the firm also provides advisory service to asset managers investing via stock connect.
‘Private banks are very good distribution channels in China, we have been providing advisory services to those distribution channels over the years,’ Au said.
‘So we have already got a very good distribution network in China, and hopefully that will help promote our PFM products.’
The firm is looking to expand footprint in China and globally.