Nearly six months after receiving a fund sales license,TencentThe third-party fund sales agency, Tengant Fund, has finally entered the fund for third-party sales of rivers and lakes. According to the China Fund Report, the Tencent Fund recently signed agency agreements with various fund companies including E Fund, Harvest, Wealth, and China Merchants, and actively recruited and expanded its team of analysts.
After hearing about the news of entering Tencent, the industry has considerable expectations for Tencent's investment and prospects. A fund company’s Internet Finance Department source said, “Large players have come in. The fund companies attach great importance to Tencent’s energy. Xiao Yan."
On January 2 this year, Tencent’s wholly-owned subsidiary “Teng'an” was approved by the Shenzhen Securities Regulatory Bureau. Teng'an will conduct independent fund sales business based on Tencent wealth management. Wealthlink is the official financial platform of Tencent. Its products include money funds, regular financial management, insurance financing, and index funds. After taking the Teng'an license, the mobile giant, which has 980 million subscribers, will evolve from a diversion platform to a fund sales platform to fully participate in the fund customer service and transaction process.
As one of the major wealth management products of Ant Fortune, Yu Treasure faces direct competition with WeChat Finance. As of the end of 2017, WealthLink registered 140 million registered users and 350 billion yuan in fund management. At the end of 2017, Ant Fortune has more than 180 million registered users and more than 300 million users of Yu Bao.access: