Company Overview

One of the initial fund management companies to be established in China, Bosera today provides mutual and pension funds management, sub-advisory services to investors in China and international via the QDII scheme.

Since inception, Bosera's mission, which is to create wealth for the investing public has enabled the company to grow as one of the largest fund management companies in China with assets under management (AUM) of RMB 260 billion (approximately USD38.2 billion). This has allowed the company to distribute more than RMB32 billion (approximately USD4.7 billion) in dividends to their fund investors.

Bosera firmly believes that a certain order exists within the universe as well as within the capital markets. Therefore over the last 10 years, through internal primary research and execution, Bosera has dedicated itself relentlessly to unlocking the value that is inherent in the capital markets, for the benefit of its investors. Discovering investment value has been and will always be the investment philosophy and objective of Bosera Funds.

Figure 1: Assets under management of Bosera (as of December 31, 2007)

Assets under Management

As of June 30, 2008, Bosera manages 14 mutual funds, as well as mandates from the National Council for Social Security Fund, with assets under management exceeding RMB 165.1 billion, making Bosera one of the largest fund firms in China. Bosera has paid out more than RMB 32 billion in dividends to investors.

Bosera makes unremitting efforts to develop pension business while excelling its mutual funds line. In December 2002, Bosera was one of the first investment managers to be appointed for the National Social Security Fund. Bosera started to formally manage the National Social Security Fund portfolios in June 2003 and the assets have been expanding ever since. In August 2005, Bosera was approved by the government to be one of the first corporate pension investment managers. In February 2008, Bosera was approved to manage segregated accounts. In March 2008, Bosera was approved by China Securities Regulatory Commission to be one of the Qualified Domestic Institutional Investors. Hence, Bosera is able to offer a full spectrum of products including mutual funds, National Social Security Fund, corporate pension, discretionary management business, and overseas investments.

Bosera Philosophy

Bosera is a knowledge-driven organization, always advocating standardized, streamlined and systematic operation. We impose great importance on teamwork and knowledge-sharing, by exerting our expertise, and require our employees to be upright, honest and responsible professionals.

We firmly believe that only when we have made contributions to society can, by exerting our expertise,our firm become an eligible participant in the industry and survive in the modern society with long-term sustainability.

Bosera Team

Bosera is powered by an open-minded and target-oriented management team consisting of personnel with different backgrounds, professional knowledge and skills to support each other, who enable the company to respond in a timely and effective manner to the drastic changes and ultimately achieve our goals.

Investment Philosophy

Discovering Investment Value is the resolute investment philosophy of Bosera.

Through in-house research, we emphasize the importance of fundamental analysis of the ever changing market. We will continually search for listed companies with steady performance, core competitiveness and growth potential. Only when we have a thorough understanding of the enterprises will we be able to deliver returns while controlling risk.

We adopt a multi-level investment strategy to identify high-quality companies that offer great growth potential with reasonable valuation.

Adhering to our investment philosophy, Bosera has been able to achieve solid investment performance and offer attractive returns to our investors.Our investment objective is “to share the benefits from the rapid development of the economy and capital markets in China.”

Adhering to our investment philosophy, Bosera has been able to achieve solid investment performance and offer good returns to our investors.

IT Culture

With reference to information technology, IT culture is advocated within the entire company, namely “applying IT in business and vice versa”. The investment, client relationship and knowledge management systems not only make the business of the company highly efficient and automatic, but also accumulate experiences in investment and marketing through the IT system, which gradually forms the core strength of the company.

Risk Control

We divide risks into legal, human resource, marketing, investment, third party, technical and valuation risks.

We specify the control of various allot risks in each business target and designate responsibilities to each employee through the standardized work process, quantitative assessment system and automatic control measures.

The company has set up a Risk Control Committee under the Board of Directors, Compliance Department, and special posts for combined risk analysis and fund performance assessment. We also employ independent third parties to make regular risk assessment for comprehensive risk management.

We specify the control of various potential risks in each business target and allot responsibilities to each employee through the standardized work process, quantitative assessment system and automatic control measures.

The company has set up a Risk Control Committee under the Board of Directors, Compliance Department, and special posts for combined risk analysis and fund performance assessment. We also employ independent third parties to make regular risk assessment for comprehensive risk management.