One of China's largest offshore asset managers has established operations in Singapore to offer clients in the region with investment opportunities in Beijing's capital market.
CSOP Asset Management is the first offshore asset manager set up by a regulated asset management company in China to establish operations in Singapore.
The firm said that the Lion City was a "natural choice" for its second office, citing the city-state's financial infrastructure, transparent and friendly regulatory environment, attractive tax policy and access to investors.
Local presence gets us closer to our existing clients in this region"
"Local presence gets us closer to our existing clients in this region," saidDing Chen, chief executive officer of CSOP Asset Manager. "More importantly, it enables us to gain more in-depth knowledge about the market and consequently helps us better present our China investment intelligence and investment opportunities to the investors in this region," he added.
The Singapore office will be used as a regional base that will focus on building a sustainable family office and external asset management business and provide a range of quality products and services tailored to HNWIs, according to a statement.
CSOP Singapore also has plans to build a portfolio management team and explore sharia-compliant investment products, as well as explore collaboration opportunities with asset managers and sovereign wealth funds.