Guancheng Asset Management, also known as Tianhong Asset Management Co., Ltd., has been revolutionizing the financial services industry since its establishment on November 8, 2004. Located in Beijing city Xicheng District Yuetanbeijie No. 2 Yuetan building A block 20 layer Beijing, Beijing 10001, CN, the company has been at the forefront of innovation in the sector, leading the way for the future of Internet finance.
In 2013, Guancheng Asset Management collaborated with Alipay, a leading third-party mobile and online payment platform, to launch the first-ever Internet fund called "Yu'ebao." This groundbreaking partnership marked a significant milestone in the evolution of Internet finance and set the stage for the company's rapid growth in the years that followed.
As of June 30, 2016, Guancheng Asset Management boasts an impressive 295 million fund subscribers and has generated RMB 57.29 billion (approximately USD 8.93 billion) in returns for its clients over the past three years. The company's success has not gone unnoticed, as it was the first fund company in China to have assets under management (AUM) worth over RMB 1 trillion. By June 30, 2016, its AUM had reached RMB 850.5 billion (approximately USD 132.56 billion).
"Ant Financial," another major player in the financial services industry, has taken notice of Guancheng Asset Management's success and currently holds a controlling 51% stake in the company. This partnership further solidifies the company's position as a leading force in the world of finance.
Guancheng Asset Management currently manages 48 funds and covers all lines of products, demonstrating its commitment to innovation and excellence in the financial services sector. The company's focus on big data, intelligent investment consulting, and other cutting-edge technologies ensures that it remains at the forefront of the industry and continues to deliver exceptional results for its clients.
For more information about Guancheng Asset Management and its wide array of financial services, please visit the company's website at http://www.thfund.com.cn/en/.