Allianz SE to sell CPIC Fund Management stake to Guotai Junan Securities


Allianz SE has officially declared the sale of its substantial 49% stake in the well-established CPIC Fund Management Co., Ltd. This significant transaction will see Guotai Junan Securities Co., Ltd., a major player in the securities sector, acquiring the stake. The move is awaiting the green light from the CSRC (China Securities Regulatory Commission) and other relevant authorities before finalization.

This strategic transaction underscores Allianz’s commitment to honing in on its fully owned asset management endeavors within China. With the evolving financial landscape, major corporations are constantly refining their strategies to achieve optimum results, and this move by Allianz SE is a testament to that.

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For those unfamiliar with the legacy of CPIC Fund Management, it traces back to 1994 when it was initiated as a fruitful joint venture between Guotai Junan Securities Co. and Allianz AG. Headquartered in Shanghai, Guotai Junan Securities has been a significant entity in the Chinese investment space. The firm boasts a diversified portfolio, offering four distinctive open-ended investment funds to its clientele in China. These funds include the De-sheng Stable Fund, De-sheng Small Cap Selective Fund, De-sheng Reliable Growth Securities Investment Fund, and the De-sheng Selective Equity Fund. Not stopping there, the company has also diversified its investments by holding stakes in national companies such as Dazhong Transportation and the Shanghai Dazhong Taxi Company.

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This major transition for Allianz SE and Guotai Junan Securities Co. is a keenly observed one, as stakeholders and industry experts closely watch the reshaping of asset management strategies in China’s dynamic financial market.

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