HONG KONG, Apr 23, 2015 - (ACN Newswire) - Recently, China Everbright Limited ("CEL", stock code: 165.HK) and Sinowel Enterprise Group ("Sinowel") announced the signing of a strategic partnership agreement to start their co-operation towards the secondary market of trust beneficiary rights. CEL and Sinowel plan to maximize their value, as well as leveraging their respective experience and advantages in the asset management sector to build a marketing platform for the trust industry.
CEL, a member of China Everbright Group, is a diversified financial services enterprise operating in Hong Kong and mainland China. It leverages a "Macro Asset Management" strategy with specific focuses being placed on fund management and investment businesses, namely Primary Market Investment, Secondary Market Investment, and Structured Financing and investment. CEL has developed solid market bases in a number of sectors through private equity funds, venture capital funds, sector focus funds and hedge funds from the Group's global fund management platform.
As a listed company with a long track record of operations in Hong Kong, CEL and its international team of experts and managers have substantial experience in cross-border financial activities and investment. As at December 2014 the Group managed 24 funds, with a fundraising scale of more than HK$50.3 billion.
Sinowel was jointly founded in 2000 by a team of financial services professionals and Kleiner Perkins Caufield Byers ("KPCB"), a top international venture capital company, who together aimed to build China's leading financial product marketing and service platform. Over the past 15 years Sinowel has been committed to driving the innovative development of China's financial sector and today generates annual revenues of more than RMB30 billion. The company's main service areas include wealth management, asset management, consumer finance and software solutions for the financial sector.
Over the years, Sinowel is also dedicated to providing financial enterprises with integrated marketing and service solutions. The company is strongly regarded within the banking, insurance, fund, securities and trust industries and has built a substantial network of partners covering several hundred well-established financial enterprises.
The strategic partnership combines CEL's brand reputation and capital advantage with Sinowel's client base and asset management model. In January 2015 the two groups began cooperating by jointly launching the "Trust-easy-loan" service, the first of its kind in the trust industry. The service improves fluidity shortages with an innovative business model that delivers quick responses to trust-holders' financing needs.
Base on the partnership in "Trust-easy-loan" service, the two companies will further deepen and broaden their collaboration in macro asset management, providing clients and high-net-worth individuals with unique, quality products and services.
About China Everbright Limited
China Everbright Limited ("CEL"; stock code: 165.HK) has woven huge cross-border social and business networks in Hong Kong and the Mainland. CEL, being a member of China Everbright Group, is a diversified financial services enterprise operating in Hong Kong and Mainland China. It is the second largest shareholder of Everbright Securities (stock code: 601788.SH) and third largest shareholder of China Everbright Bank (stock code: 601818.SH, 6818.HK) in the Mainland. China Everbright Group is the holding company of Everbright. After the launch of "Shanghai-Hong Kong Stock Connect" on 10 April 2014, Everbright becomes one of the first batch of specific stocks listed on The Stock Exchange of Hong Kong which can be directly traded by Mainland investors.
Established in 1997 at Hong Kong, CEL persistently pursues its "Macro Asset Management" strategy, with specific focuses being placed on fund management and investment businesses, namely Primary Market Investment, Secondary Market Investment and Structured Financing and Investment.
Moreover, being a substantial shareholder of China Aircraft Leasing Group Holdings Limited (stock code: 1848.HK), CEL is actively developing aircraft leasing business in China and emerging markets. In addition, by leveraging the advantages in cross-border fee-based business of an associate, Everbright Securities, CEL also participates in the development of investment banking (corporate financing) and brokerage services (wealth management) businesses in Hong Kong.
Over the past years, CEL has developed solid bases in various sector markets. It manages series of private equity funds, venture capital funds, sector focus funds and hedge funds as operated via an international management platform, and provides overseas investors with opportunities to explore and invest in companies with fast growing potential in the Mainland China. On the other hand, Everbright also seeks investment opportunities from overseas and provides diversified financial services for its clients in Mainland China. As of December 2014, AUM of CEL has reached over HK$50.3 billion with a total of 24 funds.
Through upholding the philosophy of "Making Wealth Simple", CEL leverages on its own substantial financial strength, as well as the position and influence of China Everbright Group and its affiliated companies in the financial industry in China, and has successfully built huge cross-border social and business networks in Hong Kong and the Mainland, and established a reputable image in the market. For more information about CEL, please visit www.everbright165.com.
Source: China Everbright Limited
Contact:
Golin Annie Leung Tel: +852 2501 7918 Fax: +852 2810 4780 Email: aleung@golin.com Max Lau Tel: +852 2501 7905 Fax: +852 2810 4780 Email: mlau@golin.com
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