Minister Jin, Distinguished Speakers, Clients, and Honoured Guests,
Thank you so much for taking the time to be with us this evening. It is my great pleasure to welcome you here to celebrate the launch of Hywin Wealth in the UK. Since our company may be new to some of you please allow me to share with you some brief background.
Hywin Financial Holding Group was established almost thirty years ago by our Chairman Mr Hongwei Han and has grown strategically and consistently since that time.
Headquartered in Shanghai, the group now has more than 20 subsidiaries, over 5,000 staff, and around $15bn in assets under management. We operate in five main sectors: these are wealth management, asset management, insurance, financing, culture and tourism. With offices in 50 Chinese cities, Hong Kong, the US, and the UK, we are continuing our growth into becoming a significant international business.
As Minister Jin has mentioned, the dramatic growth in the Chinese economy has created a substantial market for our investment, risk management and wealth management services: and has also encouraged us to build bridges for our clients between China and the international markets.
In this regard, for many of the reasons that Ben has outlined, the UK was our number one choice.
Our view of the opportunity for our core wealth management business in the UK is two fold, to make top quality British style private wealth management available to our domestic clients and to open up the Hywin gateway to China and Asia for European investors.