CCB Fund Management Company was established in September 2005 and registered in Beijing with a registered capital of 200 million yuan. It was jointly established by China Construction Bank Co., Ltd., Principal Financial Group of the United States and Huadian Group of China, with shareholding ratios of 65%, 25% and 65,438+00% respectively. It is the first fund management company initiated by a commercial bank in China. The business scope of CCB Fund Management Company includes raising and managing securities investment funds and other asset management businesses permitted by laws and regulations or approved by relevant regulatory authorities.