Amundi BOC Wealth Management’s Shares Offering


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).

Involved fees earner: Zhiyi Ren – Fangda Partners; Allen Wang – Fangda Partners;

Law Firms: Fangda Partners;

Clients: Amundi;

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Author: Michael Patrini