China Great Wall Asset Management Co., Ltd.: Officially Founded in Beijing
On 11 Dec. 2016, China Great Wall Asset Management Co., Ltd. was officially founded in Beijing, finishing the shareholding reform of the big four AMCs in China under the approval of the State Council, which is a major improvement in deepening the reform of China's state-owned financial institutions. 

The new corporation has registered capital of 43.15 billion Yuan, with the Ministry of Finance taking 97% as state share through its net asset contribution in China Great Wall Asset Management Corporation, the National Council for Social Security Fund taking 2% as state share through monetary contribution and China Life taking 1% as state-owned corporate share through monetary contribution.