China Merchants Securities, the pioneer in the entrusted business of securities companies, manages the first bond-type private fund that was independently issued by private fund managers-Yao Zhi Tang Ting Overall Revenue Fund of Shanghai, after managing the first domestic standardized private fund and providing integrated financial solutions for the private fund.

The first bond-type private fund which was awarded the private fund financial license, Yaozhi Asset Management Co., Ltd, announced on March 20 of 2014 (Thursday) that its subsidiary (Yao Zhi Tang Ting Overall Revenue Fund of Shanghai)was formally established at the same day. The fund is the first independently-issued bond-type private fund that was managed by private equity managers since the release of Measures for the Registration of Private Investment fund Managers and fund Filing (For Trial Implementation).

As the first to obtain private fund custody qualification and one of the first to obtain public fund custody qualification, CMS is quite popular among private fund because it has successfully launched the first integrated financial service platform of private fund and can provide one-stop service covering product design, share register, net value calculations, trading and clearing.