Puyi is the leading third-party wealth management services provider in China focusing on affluent and emerging middle class population, with a 10.4% market share based on 2017 transaction value, according to CIC. We are also the 21st largest third-party wealth management services provider overall in China based on the same metric, according to the same source.
We provide wealth management services and asset management services. Our largest business has been our wealth management services business, under which we distribute wealth management products both online and offline through our branch network. Products distributed include publicly raised fund products and privately raised fund products. We also have a newly-established and fast-growing asset management business under which we currently manage several FoFs.