Sinochem Group has investment in two fund management companies, namely Lion Fund and Baoying Fund. Lion Fund, which we are the main initiator, was founded in December 2008. By the end of 2014, it had 37 funds under its management, with the total asset value nearly 65.9 billion yuan. The company was authorized in May,28 to run QDII overseas securities investment management business, and was among the first batch of companies permitted to operate separately managed account. Lion Fund’s core business covers stock selection, specific investment, flexible allocation, strategic selection and other categories.
Baoying Fund was established in May,2001. By the end of 2014, its assets under management had reached 42.4 billion yuan, and it managed 9 funds and 62 segregated accounts.