Xinhua News Agency, Hong Kong, November 20: China Life Franklin Asset Management Company Limited (hereinafter referred to as "China Life Franklin") recently announced its figures. As of October 2014, the Company has about HKD105.254 billion assets under management, reached the HKD100 billion milestone, and maintaining a leading position among Chinese-background asset management companies in Hong Kong.
The Company has been receiving continued inflow of insurance assets mandate from China Life since established. Representative from China Life Franklin said that since the beginning of this year, the Company has made great efforts in developing third-party business, and achieved exponential growth in QFII, RQFII, Hong Kong segregated account business.
The Company is optimistic about the growth potential of Hong Kong asset management industry. The further development of Hong Kong as an offshore RMB center, the additional cross-border investment convenience to be brought by the Shanghai-Hong Kong Connect mechanism, and the further opening up of China's capital market will continue to bring more opportunities for the development of Hong Kong asset management industry.
China Life Franklin Asset Management, a joint venture of China Life and Franklin Templeton Strategic Investments, aims to become an important overseas investment platform for China Life, and is the first Hong Kong asset management company established by mainland insurance company.
