Asset Management Association of China

The Asset Management Association of China (AMAC) was established on June 6, 2012 to be the self-regulatory organization that represents the mutual funds industry of China.

By July 1st 2012, AMAC had 147 members, including 71 fund companies, 18 custodian banks, 45 fund distributors, 10 fund rating agencies and 3 other entities in the industry.

The Objectives of the Association are:

(a) providing services to the industry, encouraging communication and innovation, enhancing professional qualifications, and improving competitiveness;

(b) providing a communication platform between government and industry, safeguarding the legitimate rights and interests of the industry, promoting public understanding, and enhancing industry public relations;

(c) exercising industry self-regulation, enhancing compliance operations, and improving industry integrity;

(d) supervising fulfillment of fiduciary duties and social responsibilities, ensuring the sustainable and healthy growth of the industry.

About the Mutual Fund Industry of China

China's fund management industry emerged in the early 1990s. After a few years of experimentation and exploration, China Securities Regulatory Commission (CSRC) began to regulate the industry in 1997, and the first fund management company was established in March 1998. Since then, China's fund management industry has experienced tremendous advances in scale and sophistication. At the end of March 2012, there were 71 fund management companies in China, with a total of 2.79 trillion RMB assets under management (2.21 trillion RMB of which managed by 956 mutual funds) and some 10,700 employees. There were 18 fund custodian banks, 10 rating agencies and 157 distributors, including 59 commercial banks, 94 securities firms as well as 4 independent distributors.

These fund management companies have been rapidly expanding their business lines from mutual funds to social security funds, corporate pension and managed accounts. At present, fund management companies account for 16 out of 18 domestic social security fund managers and 12 out of 20 corporate pension fund managers in China. At the end of 2011, the fund management firms managed 283 billion RMB for social security funds, 103 billion RMB for managed accounts. They also provided professional investment management services for more than 200 corporate pension funds.

Regulatory Info

Investment funds management in China is governed by the "Fund Law". The "Fund Law" in its entirety can be found here.

Association Members


Chunyan Chen

Vice Secretary General


Bing Han

Li Ping Huang

Vice Secretary General

Ruixue Ma
Tel: 86(0)1066578693

Dingfang Lou

Contact Info

Head Office
Tel: ++ 86 10 66575936
Fax: ++ 86 10 66575989

IIFA Contact

Rachel (Ruixue) Ma
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