{"id":31449,"date":"2023-05-15T22:54:55","date_gmt":"2023-05-16T02:54:55","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/china-universal-asset-management-and-bloomberg-establish-strategic-collaboration\/"},"modified":"2024-04-12T11:03:21","modified_gmt":"2024-04-12T15:03:21","slug":"china-universal-asset-management-and-bloomberg-establish-strategic-collaboration","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/china-universal-asset-management-and-bloomberg-establish-strategic-collaboration\/","title":{"rendered":"China Universal Asset Management and Bloomberg Establish Strategic Collaboration"},"content":{"rendered":"
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New York<\/em> \u2013 China Universal Asset Management Co., Ltd. (CUAM) and Bloomberg have today announced a new strategic collaboration on technology and data to support the Chinese asset manager\u2019s global expansion efforts. A Memorandum of Understanding between the two firms was signed last week at the grand opening of China Universal Asset Management (USA), LLC. CUAM is a leading Chinese asset management firm with AUM of more than USD 167 billion as of March 31, 2023.<\/p>\n

Through the collaboration, Bloomberg will draw on strengths in global financial data, news, research and technology to support CUAM as it connects with global investors and explores opportunities to launch both active and passive funds in international markets. The two parties will also expand collaboration in digitization to strengthen CUAM\u2019s portfolio management, risk management, operations and customer service as it meets investors\u2019 evolving demands for global assets allocation.<\/p>\n

\u201cAs we are expanding our footprint in the fast-changing global markets which are full of opportunities, we are looking to also expand and deepen collaboration with leading global data and technology providers as our partners. Bloomberg is one of our trusted partners, who not only has deep expertise in global markets but also knows the needs of Chinese financial institutions,\u201d said Wen Li, Chairman of CUAM. \u201cWe are pleased to cooperate with Bloomberg to utilize its reliable products and services with a view to enhancing our business capability and competitiveness, and to provide better services for global investors.\u201d<\/p>\n

\u201cFinancial institutions with a long-term vision and strong belief in the power of technology are positioned to better capitalize on growth opportunities,\u201d said Bing Li, Head of Asia Pacific at Bloomberg. \u201cWe are delighted to expand our partnership with CUAM, a leading Chinese asset manager, supporting their international and digitization strategy. Bloomberg is committed to partnering and connecting Chinese financial institutions with global investors and markets.\u201d<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\t\t\n\t<\/div>\n<\/div>\n

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From left to right: Bing Li, Head of Bloomberg APAC; Mary Schapiro, Vice Chair of Bloomberg; Wen Li, Chairman of China Universal Asset Management; and Hui Zhang, CEO of China Universal Asset Management<\/figcaption>\n<\/figure>\n
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About China Universal Asset Management (CUAM)<\/strong>
\nFounded in 2005, China Universal Asset Management is one of the leading comprehensive asset management companies in China. Headquartered in Shanghai, CUAM has subsidiaries in Hong Kong, Shanghai, New York (USA), and Singapore. Known as a “stock-picking expert” and recognized by investors and by both domestic and overseas institutions, the company has now formed a business scope with seven sections including mutual fund, separately managed account, private equity, pension management, E-commerce, international business, and investment advisory service. China Universal has received many awards, including “Golden Bull Award”, “Golden Fund Award”, “Star Fund Award”, and many other honors. The company adheres to the construction of ESG responsible investment system with China\u2019s characteristics, and is the advocate, pioneer and promoter of ESG responsible investment in China. China Universal always insists on the value of “Client first” and the philosophy of “starting from the long term” and is committed to being China’s most recognized asset management brand. For more information, visit https:\/\/www.99fund.com\/<\/a>.<\/p>\n

About Bloomberg<\/strong>
\nBloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com\/company<\/a> or request a demo<\/a>.<\/p>\n

Media Contact<\/strong>
\nCUAM \u2013 Bai Tianyu, baitianyu@htffund.com<\/a>, +86-21-20373556
\nBloomberg \u2013 Irene Gu, igu3@bloomberg.net<\/a>, +86-10-6649-7535<\/p>\n\n<\/div>\n\n<\/div>\n\n\t\t\n\t<\/div>\n<\/div>\n

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