Mergers & Acquisitions / Joint Ventures

Huili signs offshore managed accounts deal on Cigma platform


Huili Asset Management, a Shanghai-based manager with CNY1.5 billion ($219.5 million) in assets, is managing its first offshore investor money through a managed account on the Cigma platform.

He Zhen

The firm also expects a massive growth in its onshore asset base, exceeding CNY2 billion over the next six months, on the back of a distribution deal it has just signed with one of the 'big four' banks in China.

"We expect to see an explosive growth in the [onshore trust funds] industry over the next couple of years," notes Huili's chairman, He Zhen. "There is