Bosera Asset Management Co., Limited

Bosera Asset Management Co., Limited, commonly known as Bosera Asset Management or Bosera Funds, is a Chinese asset-management company headquartered in Shenzhen. Established in 1998, it was among the first five fund-management firms incorporated in mainland China after the country began developing a modern regulated mutual-fund industry. The company operates across public fund management and broader institutional asset management, serving individual investors, financial institutions, corporate clients, pension schemes, and other long-term capital providers. Bosera's principal business is the management of investment funds and segregated mandates. Its activities include public mutual funds, exchange-traded funds, institutional and separately managed accounts, pension-related investment services, and other asset-management solutions. The firm is also associated with investment research and portfolio management based on fundamental analysis, with internal research intended to support security selection, asset allocation, and risk management. Its client base has included the National Social Security Fund of China, illustrating its role in serving large institutional pools of capital. The company is based in Shenzhen and has maintained offices in Beijing, Zhengzhou, Shenyang, and Chengdu. Through Bosera Asset Management (International), its Hong Kong-based subsidiary, the group has also developed an international and cross-border investment presence. That subsidiary has held RMB Qualified Foreign Institutional Investor status and has participated in products designed to give overseas investors access to Chinese equities. In 2014, Bosera Asset Management (International) partnered with KraneShares on an exchange-traded fund using the Stock Connect mechanism, an important step in the international distribution of Chinese A-share exposure. Bosera has expanded alongside China's growth in household savings, institutional investing, and exchange-traded products. Its product range includes conventional equity, fixed-income, balanced, index, and money-market strategies, although the exact lineup changes over time. A notable part of its public-facing identity has been the use of thematic and sector-oriented investment products, including the Bosera Theme Industry Balanced Fund. The firm's ETF activity has also connected it to the development of Hong Kong-listed vehicles tracking Chinese securities. The Southern Bosera Fund Tower, a 42-story building in Shenzhen, was completed in 2018 and serves as the company's headquarters. The building, designed by Austrian architect Hans Hollein, is an identifiable part of Bosera's corporate presence in the city. As of the information summarized in the referenced Wikipedia article, Bosera had 598 employees and ranked among the largest asset managers and fund-management companies in mainland China by assets under management. Exact assets under management are not stated here because the available reference does not provide a sufficiently specific reporting date for the figure. In 2024, Bosera became part of a broader discussion about compensation discipline in China's financial sector. Reuters reported that the firm capped annual employee income at 2.9 million yuan and sought repayment of amounts above that ceiling from the prior year. The measure was reported in the context of China's common-prosperity policy environment and a wider effort to moderate compensation in parts of the financial industry. The episode illustrates how Bosera's operations are shaped not only by investment markets and product demand but also by regulatory and policy priorities affecting Chinese asset managers.

Bosera Asset Management was established in 1998 during the formative period of China's regulated mutual-fund industry. It was one of the first five fund-management companies incorporated in mainland China, placing it among the institutions that helped establish professional portfolio management, public-fund governance, and standardized investment products in the country. Its original development was tied to the expansion of China's securities markets and the gradual movement of household and institutional savings into professionally managed funds. Over time, Bosera developed from a public-fund manager into a broader asset-management platform. Its activities came to include public mutual funds, segregated accounts, pension-related investment services, and institutional mandates. The firm built its investment process around fundamental analysis and internal research, using proprietary research capabilities to support portfolio construction and security selection. Its clients have included the National Social Security Fund of China, reflecting the company's ability to manage money for major institutional investors as well as retail fund holders. Bosera's corporate footprint expanded beyond its Shenzhen headquarters. It established offices in Beijing, Zhengzhou, Shenyang, and Chengdu, giving it a presence in several important Chinese financial and commercial centers. In 2018, the Southern Bosera Fund Tower was completed in Shenzhen. The 42-story building, designed by Austrian architect Hans Hollein, became the company's headquarters and a prominent physical expression of its institutional identity. The company also developed cross-border capabilities through Bosera Asset Management (International), a subsidiary based in Hong Kong. The subsidiary held RMB Qualified Foreign Institutional Investor status and participated in efforts to make Chinese securities accessible to overseas investors. In 2014, it partnered with KraneShares to list an exchange-traded fund in the United States that provided exposure to Chinese A-shares through the Stock Connect framework. This partnership connected Bosera to the internationalization of Chinese equity investment and the growth of exchange-traded products. By 2020, Bosera was described as the eighth-largest asset manager and the third-largest fund-management company in mainland China by assets under management, behind China Asset Management and E Fund Management. The company was also described as managing more than US$200 billion, although that figure is not repeated here without a precisely dated primary or contemporaneous source. The referenced company profile reported 598 employees, indicating a sizable institutional platform relative to the specialized nature of the fund-management business. Bosera's more recent development has occurred under increased regulatory and policy attention on China's financial sector. In 2024, Reuters reported that the company capped annual employee income at 2.9 million yuan and required clawbacks for amounts exceeding that threshold in the previous year. The report linked the policy to the wider common-prosperity agenda and to efforts to restrain compensation practices in financial institutions. In the same year, Bosera introduced a Hong Kong-listed ETF tracking an index of major central-government-owned Chinese companies, described as the first product of its type on the Hong Kong Stock Exchange. Together, these developments show a company continuing to broaden its product platform while adapting its internal governance and compensation practices to changing policy conditions.

• 2024

  Employee compensation ceiling reported

  [1]Bosera Asset Management - Wikipediaen.wikipedia.org

  Reuters reported that Bosera capped annual employee income at 2.9 million yuan and sought clawbacks for amounts above the ceiling from the previous year.

• 2024

  Hong Kong ETF tracking central-government-owned companies

  [1]Bosera Asset Management - Wikipediaen.wikipedia.org

  Bosera introduced an ETF on the Hong Kong Stock Exchange tracking an index of major listed Chinese companies owned by the central government.

• 2020

  Bosera ranked among China's largest fund managers

  [1]Bosera Asset Management - Wikipediaen.wikipedia.org

  Bosera was described as the eighth-largest asset manager and third-largest fund-management company in mainland China by assets under management.

• 2018

  Southern Bosera Fund Tower is completed

  [1]Bosera Asset Management - Wikipediaen.wikipedia.org

  The 42-story Southern Bosera Fund Tower in Shenzhen was completed and became the company's headquarters. The building was designed by Austrian architect Hans Hollein.

• 2014

  Cross-border ETF partnership with KraneShares

  [1]Bosera Asset Management - Wikipediaen.wikipedia.org

  Bosera Asset Management (International) partnered with KraneShares to list a United States ETF providing access to Chinese A-shares through the Stock Connect framework.

• 1998

  Bosera is established

  [1]Bosera Asset Management - Wikipediaen.wikipedia.org

  Bosera was founded as one of the first five fund-management companies incorporated in mainland China, during the early development of the country's regulated mutual-fund sector.

A diversified Chinese asset manager emphasizing fundamental research, institutional capability, and access to mainland and cross-border investment markets.

• Public funds

  Public mutual funds

  Bosera's public-fund platform serves individual and institutional investors through professionally managed pooled vehicles. The broader product universe includes equity, fixed-income, balanced, index, and money-market strategies, with offerings changing as market conditions and regulatory requirements evolve.

• Institutional asset management

  Segregated accounts

  Segregated or separately managed accounts allow Bosera to manage portfolios for institutions and other eligible clients under mandates tailored to investment objectives, risk limits, liquidity requirements, and asset-allocation preferences.

• Pension management

  Pension investment management

  Bosera provides pension-related investment-management services as part of its institutional asset-management activities. These services are designed for long-term capital and require attention to diversification, liquidity, risk control, and fiduciary responsibilities.

• Mixed-asset fund

  Bosera Theme Industry Balanced Fund

  The Bosera Theme Industry Balanced Fund is identified in available company descriptions as a notable offering. It represents Bosera's use of thematic or industry-oriented investment approaches within a balanced-fund structure, combining exposure to selected industries with broader portfolio management.

• Exchange-traded funds · 2014

  Chinese A-share ETFs

  Bosera and its international subsidiary have participated in exchange-traded products giving investors access to Chinese equities. These products connect the firm's mainland research and portfolio capabilities with overseas distribution channels and stock-market access mechanisms.

• Exchange-traded fund · 2024

  ETF tracking central-government-owned Chinese companies

  Introduced in 2024 on the Hong Kong Stock Exchange, this ETF tracks an index of major listed Chinese companies owned by the central government. It was described as the first Hong Kong-listed product of its kind.

• 2015

  Source

Read more

• 2024

  Launch of a Hong Kong ETF focused on central-government-owned companiesProduct launch

  Background

  Hong Kong's ETF market was being used to provide international investors with packaged exposure to selected segments of the mainland Chinese equity market.

  Action taken

  Bosera launched an exchange-traded fund tracking an index of major listed Chinese companies owned by the central government on the Hong Kong Stock Exchange.

  Aftermath

  The product was described as the first Hong Kong-listed ETF of its type, strengthening Bosera's cross-border product offering.

  Source

• 2024

  Employee income ceiling and clawback policyStrategy

  Background

  Chinese financial institutions faced increased policy pressure to moderate compensation and align internal practices with the common-prosperity agenda.

  Action taken

  Bosera reportedly capped annual employee income at 2.9 million yuan and required repayment of amounts above the ceiling from the preceding year.

  Aftermath

  The policy placed Bosera among the Chinese financial firms adapting compensation governance to changing regulatory and political expectations.

  Annual employee income ceiling. 2.9 million yuan (Reported in July 2024; clawbacks applied to amounts above the ceiling from the previous year)

  Source

• 2014

  International A-share ETF partnershipProduct launch

  Background

  Overseas investors were seeking more accessible ways to obtain exposure to China's mainland equity market, while Stock Connect was creating new channels for cross-border investment.

  Action taken

  Bosera Asset Management (International) partnered with KraneShares on a United States-listed ETF incorporating Chinese A-share exposure through Stock Connect.

  Aftermath

  The partnership expanded Bosera's international product presence and linked the company to the development of cross-border ETF investing in Chinese equities.

  Source

• 2024

  Bosera reported to cap annual employee income at 2.9 million yuan[1]Bosera Asset Management - Wikipediaen.wikipedia.org

  Regulation · Other

  Reuters reported that Bosera imposed an annual employee-income ceiling of 2.9 million yuan and sought clawbacks for amounts above the limit from the preceding year. The measure was presented as part of the compensation adjustments emerging in China's financial sector under the common-prosperity policy agenda.

• 2024

  Bosera launched a Hong Kong-listed ETF tracking major central-government-owned Chinese companies[1]Bosera Asset Management - Wikipediaen.wikipedia.org

  Product launch · Other

  Bosera debuted an exchange-traded fund on the Hong Kong Stock Exchange tracking an index of major listed Chinese companies owned by the central government. The product was described as the first of its kind on that exchange.

1. 1Bosera Asset Management - Wikipediaen.wikipedia.org
2. 2Bosera Asset Management corporate websitebosera.com
3. 3博时基金-首页bosera.com
4. 4博时基金-基金产品bosera.com
5. 5博时基金-公司简介bosera.com
6. 6博时基金管理有限公司关于高级管理人员变更的公告bosera.com
7. 7博时原基金经理马乐利用未公开信息交易案改判实刑spp.gov.cn
8. 8博时基金正式获得公募基金投资顾问业务试点资格fund.eastmoney.com
9. 9原鹏华基金副总高阳12年后回归老东家，接任博时基金总经理finance.sina.com.cn