China Life Asset Management Adopts Buy-side Solutions from Bloomberg

China’s largest asset manager uses Bloomberg for operations strategy and seamless investment workflow

Beijing – Bloomberg announced today that China Life Asset Management Co., Ltd. (“China Life AM”), the largest asset manager in China, has adopted its buy-side solutions including Bloomberg’s Asset and Investment Manager (AIM), in support of its operation strategy upgrade and workflow optimization.

With more than US$428 billion in assets under management as of end 2017, China Life AM invests across open markets, public funds and alternative investments in China and abroad. It is one of the first Qualified Domestic Institutional Investors (QDII) in China.

“As China’s financial market continues to open up to global investors, China Life Asset Management has a strategy in place to utilize the industry’s most robust technology platforms to strengthen our capabilities in investment and risk management,” said Zhanjun Dong, General Manager of China Life AM’s Information Technology Department. “Bloomberg’s buy-side solution offers the most scalable and advanced asset management technology in the market that elevates our work efficiency to a much higher level from where we were.”

By using Bloomberg AIM, China Life AM now has an optimized workflow that covers multi-asset portfolio management, trading, compliance and investment operations for its QDII business. The solution enables the firm to establish centralized data sources, meet various compliance needs and connect smoothly with third party systems from front to back office. The seamless integration with real-time data and news on the Bloomberg Terminal enables China Life AM to make smarter, more informed investment and trading decisions in an instant.

“We are pleased to support the business growth and buy-side journey of China Life Asset Management, through an integrated front-to-back office technology platform that supports their speed to market,” said Bing Li, Head of Bloomberg China. “As China connects with global markets and as portfolios diversify, leading investment managers have to employ robust technologies for better trading ideas, enhanced operational efficiency, while meeting compliance requirements and lowering operational costs.”

For buy-side firms, Bloomberg AIM delivers global, multi-asset solutions for portfolio management, trading, compliance and operations. AIM is used by nearly 14,000 professionals in over 90 countries at over 900 client firms, including some of the largest asset managers, hedge funds, insurance companies, pension funds and government agencies. For information on AIM, please visit: https://www.bloomberg.com/professional/product/asset-and-investment-manager/ and learn more about the buyside journeys firms are undertaking to achieve operational goals here.

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About China Life Asset Management

China Life Asset Management Co., Ltd. (“China Life AM”) is the largest asset management firm in China with AUM of more than RMB 2.77 trillion as of end 2017. Actively involved in domestic and foreign open markets, public funds markets and alternative investments and other fields, China Life AM provides custody services on assets within and outside of the China Life Insurance (Group) and its subsidiaries, QFII investment advisory services, intermediary services such as bond underwriting and financial advisory.

China Life AM owns controlling shares in China Life Franklin Asset Management Co., Limited, China Life AMP Asset Management Co., Limited and China Life Capital Management Company Limited.

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.

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Bloomberg
Irene Gu
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Igu3@bloomberg.net