Chinese asset management firms currently rely on domestic vendors to provide their technology. Among these, Hundsun has the lion's share of the market, and Ysstech is also a major player in the Chinese asset management industry, with many firms using its popular fund accounting module, Golden Finger.
But Chinese vendors do not currently offer the technology or expertise domestic fund managers need to trade internationally. As a result, a handful of Western vendors have been making inroads in the Chinese market, where they are aggressively targeting fund managers. Those currently with the biggest presence in China include SunGard -- which also owns the Chinese vendor Kingstar -- as well as Bloomberg and Linedata.
Top 5 Chinese Technology Vendors
Hundsun
Hundsun Electronics Co., established in Hangzhou in 1995, dominates the Chinese securities and mutual funds markets. Key products and services include the Multiple Currency B2S System Enterprise, designed to manage and perform FX transactions and buy and sell securities, and a complete foreign exchange trading desk and back-office system that maintains currency positions, maturity schedules and management reporting. Also provides outsourcing for clients in Japan and the U.S.
Located in Hangzhou, Zhejiang, 112 miles southwest of Shanghai.
Contact: Clarence Zhang
Tel: +86 571 2882 9559
Fax: +86 571 2882 9529
www.hgsamerica.com/profile.htm
zhangli@hundsun.com
Shenzhen Kingdom Sci-Tech
Shenzhen Kingdom Sci-Tech's products include a centralized exchange system, fund products and IT operation products.
Located in Shenzhen.
Tel: +86 755 8295 5524
Fax: +86 755 8295 5534
www.szkingdom.com
Singlee
Kingstar
Acquired by SunGard in 2006, Shanghai-based Kingstar provides software and processing solutions for local financial services in the areas of exchange management (futures, securities and gold trading), investment and risk management, brokerage and data warehousing, as well as solutions for higher education.
Located in Shanghai.
www3.sungard.com/AsiaPacific/default.aspx?id=4538
Ysstech
Ysstech is a major vendor in the Chinese asset management industry. Its asset management system includes the popular fund accounting module Golden Finger.
Located in Shenzhen.
Tel: +86 755 8826 5110 (Shenzhen) / +86 10 5218 6218 (Beijing)
www.ysstech.com
Main U.S. Vendors in China Targeting the QDII Market:
SunGard
The vendor, which owns China's Kingstar, has been targeting the Chinese market with applications for exchange management, futures and securities trading, gold trading, and brokerage management.
Charles River Development
China Life Asset Management Company, China's largest institutional investor, recently selected the Charles River Investment Management System to automate its investment operations across all asset classes. Charles River offerings include portfolio management, order management, and real-time pre-trade compliance testing and monitoring capabilities on a single integrated platform, made available in a fully localized Chinese version.
Fidessa LatentZero:
Fidessa's key offering, Capstone, provides a front-office application as well as a fixed connectivity network for Chinese customers who want to trade overseas.
Eagle Investment Systems
Offerings for the Chinese market include investment accounting and data management applications.
Bloomberg
AIM is the OMS solution provided by Bloomberg. Services for China include implementation, on-site support and remote support for AIM.
Linedata
Serves China's hedge fund sector and many other alternative managers and institutional clients across the Asia region with middle-office and portfolio management offerings, front-office solutions, order management, pre- and post-trade compliance, and related services.
