China Southern Asset Management
China Southern Asset Management is a Chinese asset management company founded in 1998. It is considered one of the largest asset management companies in China.
History
The company was established on 6 March 1998, as one of the first local asset management companies in China that was approved by the China Securities Regulatory Commission.In 2008, the company set up a joint venture in Hong Kong with Oriental Patron. The joint venture was named CSOP Asset Management with China Southern Asset Management paying HK$140 million for a 70% stake and Oriental Patron paying HK$60 million for the remaining 30%. CSOP Asset management currently has several Exchange-traded funds on the Hong Kong Stock Exchange. In December 2022, it launched the first Bitcoin and Ethereum futures ETFs in Hong Kong.
In July 2024, China Southern Asset Management launched an ETF that focused on Saudi Arabian stocks that was listed on the Shenzhen Stock Exchange. It was popular amongst Chinese investors where it hit the first-day price limit and raised 634 million yuan. It offered Chinese investors convenient access to markets in Saudi Arabia in areas such as energy and oil which were previously difficult to access due to overseas regulations.