Zhang Yu

JeniZhang13@163.com

CREDITEASE Wealth Management, a wealth management arm of Chinese fintech conglomerate CreditEase, signed a strategic cooperation agreement with Amundi Asset Management on Wednesday, making the company Amundi’s first strategic partner in China in the wealth management sector.

The two companies will further their cooperation in global asset allocation, wealth management solutions, risk management and control, and relationship development with local regulators and industry institutions.

“The strategic partnership brings a win-win situation. It will not only affirm the leading position of CreditEase in the wealth management industry, but also help Amundi explore the financial market in China,” said Tang Ning, founder and CEO of CreditEase, at the ceremony.

Zhong Xiaofeng, CEO of Amundi Asset Management in North Asia, said the collaboration is based on the strong capabilities of both parties in investment, internationalization and risk control.

Headquartered in Paris, Amundi is Europe’s largest asset manager by assets. It was listed on Euronext Paris in November 2015, which was, at the time, the largest initial public offering on the Paris stock exchange for 10 years.