Hwasbank.com

About Hwasbank.com

Hwasbank.com, registered as Hwasbank Assets Management (Shanghai) Co., Ltd. (华设资产管理(上海)有限公司), was established in September 2013 as an independent third-party wealth management institution. The company was initiated by several domestic listed companies and private equity firms, bringing together professionals from capital markets, banking, and internet industries. Over the years, it secured strategic investments, including a Series A round from a top venture capital firm at the end of 2015 and a Series C round in early 2018, which brought in shareholders from state-owned enterprises, investment institutions, and financial firms.

The firm's business is structured around four main pillars: Asset Management, Wealth Management, Internet Financing, and the HWASBANK Commercial College. Hwasbank provides a suite of financial services primarily targeting high-net-worth individuals in China. Its offerings include wealth management, overseas asset allocation, fixed income and equity advisory, high-end insurance, and advanced education services. The company holds a Private Investment Fund Manager License and has aimed to secure a full financial license. Revenue is generated by providing these comprehensive financial services to its client base, which numbered nearly ten thousand high-net-worth customers since its inception.

As an asset and wealth manager, the company's core mission is to select and configure financial products with stable returns for its clients, aspiring to become a financial service provider with a global perspective. The company's legal representative is Jiang Weiyan. Recent reports from late 2024 indicate the company has faced significant operational challenges, with its actual controller reportedly being investigated and products facing payment difficulties.