We are positioned globally ensuring that wherever your fund is domiciled, our office will be nearby.
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Custom House Global Fund Services
Level 13, Tower 3, Kerry Plaza | No.1-1 Zhong Xin Si Road | Futian District, Shenzhen 518048 | P.R. China
Since the establishment of the Shenzhen Stock Exchange and Shanghai Stock Exchange in 1990, China’s investment fund industry has been developing rapidly over the past 25 years. According to official statistics of Asset Management Association of China (“AMAC”) up to October 2015, there are approximately RMB 32.69 trillion of assets being managed by over 20,000 fund houses in China, with 90% of them located in Beijing, Shanghai and Shenzhen.
Following the internationalization of RMB and development of Qianhai-Shenzhen and Shanghai Free Trade Zones, many of the China-based global market funds can be structured through QDII, RQDII, QFII, RQFII, QFLP, QDLP, QDIE, which allows more flexibility for global investments, both in-bound and out-bound of China. In addition, the launch of Shanghai-Hong Kong Stock Connect in 2014 and the Shenzhen-Hong Kong Stock Connect (which is expected to be launched in 2016) will enable global investors to participate in China capital markets, while the China International Payments System (CIPS), launched in 2015 as an alternative to SWIFT, will create more benefits to cross-border financing and capital management, as well as international trade settlements.
The growth of numbers of China HNWIs, China’s RMB internationalization and foreign exchange reforms are evolving rapidly and will play a significant hand in the fund’s industry moving forward. Chinese fund houses will be playing a more important role in the global capital markets going forward.
Allen Li, Director
Allen has 10 years experience in assisting asset management companies to set up and operate their investment funds as well as formation of family trusts and various investment holding structures. Prior to joining Custom House, Allen was the Director of Fund and Trust Services of Amicorp China. Before that, Allen was the Relationship Manager and the Head of Overseas Investment Services in a global wealth management company, where he started his career.
Allen is a member of Shenzhen Private Equity Association (“SZPEA”) and Hong Kong Trustee Association (“HKTA”). He speaks fluent English, Mandarin and Cantonese.