Hua Bao Fund Management Co., Ltd. was established on February 12, 2003, and is one of the first Sino-foreign joint venture fund management companies in China. The company is headquartered in Shanghai and was jointly initiated by a trust company and a foreign asset management company. Hua Bao Fund engages in fund management and fund establishment business within China.
As of the end of May 2023, Hua Bao Fund managed over 300 fund products, with assets under management exceeding 300 billion RMB. Its product types include equity, hybrid, bond, index, QDII, and money market funds among various other types.
Hua Bao Fund has established several investment and research functional departments, including the Domestic Investment Department, Institutional Investment Department, International Business Department, Research Department, Fixed Income Department, and Quantitative Investment Department. These departments provide services for fund holders across various assets and investment strategies.
Hua Bao Fund employs over 40 fund managers, all of whom have many years of experience in the securities industry, with an average tenure of nearly three years.
Hua Bao Fund's investment decision-making system is based on a fund manager responsibility system under the leadership of the Investment Decision Committee. The committee holds regular meetings and convenes ad hoc meetings based on market conditions or suggestions from members. Decisions are generated in the form of meeting minutes, with the investment director holding the right of veto.
Hua Bao Fund Management Co., Ltd. is represented by Huang Kongwei as the legal representative, with a registered capital of 150 million RMB. The company's shareholders include Hua Bao Trust Co., Ltd. (51% ownership), the U.S.-based Warburg Pincus Group (29% ownership), and Jiangsu Province Railway Group Co., Ltd. (20% ownership). Hua Bao Trust Co., Ltd. was established in 1998 and is a member company within the industrial financial segment of China Baowu Steel Group Corporation Limited, which holds 92.90% ownership in Hua Bao Trust. Warburg Pincus is a leading global investment institution that focuses on growth investments, having invested over 109 billion USD in more than 40 countries and regions worldwide.
Hua Bao Fund Management Co., Ltd. has earned numerous awards and recognitions in the industry. At the 19th "Golden Fund" Awards held on November 14, 2022, the company won the "Golden Fund·Passive Investment Fund Management Company Award." Additionally, Hua Bao Fund was honored with the "2021 Shanghai May 1st Labor Award." On December 5, 2020, at the "2020 Snowball Carnival" annual ceremony, Hua Bao Fund was recognized as the "Accompanying·Fund Company of the Year 2020."
