Guo Fu Fund Management Co., Ltd. was established in 1999 and is one of the first ten fund management companies approved by China Securities Regulatory Commission. In 2003, BMO, the oldest Canadian bank, took a stake in Wells Fargo Fund, and Wells Fargo Fund Management Co., Ltd. became the first fund management company among the first ten fund companies established in China. In June 2006, the registered capital of Guo Fu Fund Management Co., Ltd. was changed from10.20 billion yuan to10.80 billion yuan.