Fangda advised Amundi BOC Wealth Management Co. on the deal.
Amundi BOC Wealth Management Co., the first Sino-foreign JV wealth management company, issued its first wealth management product. This is a publicly offered closed-end net-worth wealth management product with an annualized performance comparison benchmark of 4.65%.
Amundi BOC is the first JV wealth management company established by a Chinese commercial bank and an overseas financial institution. The two shareholders are Credit Agricole Asset Management Co., the largest European asset management company (which holds 55% of the shareholding), and Bank of China Wealth Management Co., a subsidiary of Bank of China (which holds 45%). It is registered in Lingang New Area in the Shanghai Pilot Free Trade Zone with registered capital of RMB1 billion.
The Fangda team was led by partner Zhiyi Ren (Picture).
Law Firms: Fangda Partners;