Fund Management
Unlocking Value
The Jiutian Group is involved in several facets of financial services including retail and institutional fund management as well as real estate development. The Group expanded further in 2016 by establishing the first overseas fund management arm, Tulip Fund Management in Singapore.
Shanghai Quanyi Financial Services Co., Ltd
Established in September 2015 with a registered capital of CNY¥500 million. The two subsidiaries are Goldstate Capital Fund Management Co., Ltd and Shanghai Goldstate Brilliance Asset Management Co., Ltd. The company primarily deals in the following areas:
The company also holds 49% of shares in Goldstate Capital Fund Management Co., Ltd (the first domestic joint venture with direct foreign investment from Hong Kong) as well as 66% of shares in Shanghai Goldstate Brilliance Asset Management Co., Ltd. In the first half of 2016, Goldstate Capital Fund Management Co., Ltd has a fund size of CNY¥11.7 billion and was ranked 71st among 105 fund management companies in the country.
The Tulip Fund Management Pte Ltd (SINGAPORE)
Tulip Fund Management Pte Ltd was set up in 2016 in Singapore, and represents the first overseas expansion by the Jiutian Group.
The Singapore establishment was setup to take advantage of the developments in supply chain technology outside of China.
