# E Fund Management

E Fund Management is a Generic based in Guangzhou, China.

## Overview

- **Organization type:** Generic
- **Headquarters:** Guangzhou, China
- **Region:** Asia
- **Address:** Guangzhou, Guangdong, China
- **Founded:** 2001
- **Assets under management:** > $400B (Altss estimate)
- **Website:** efunds.com.cn
- **LinkedIn:** https://www.linkedin.com/company/e-fund-management-co.-ltd.

## About

E Fund Management is an investment firm. It has made one investment, deploying $420 million in total capital.

## Sectors

- Public Equities
- Fixed Income
- Alternatives
- Private Equity
- Real Estate
- Infrastructure
- Venture Capital

## Offices

- Beijing
- Shanghai
- Shenzhen
- Hong Kong

## People

- Liu Xiaoyan — General Manager

## Questions

### Who runs investment decisions at E Fund Management?

General Manager Liu Xiaoyan is the firm's top executive, but investment authority is distributed across a large team of portfolio managers and research analysts organized by asset class. E Fund operates a systematic, committee-based investment process rather than concentrating decision rights in a single CIO. Specific managers are publicly associated with flagship products, such as the E Fund CSI 300 ETF and the firm's leading money-market funds.

### How does E Fund Management source investment opportunities?

In public markets, sourcing is domestic and systematic, leveraging a large internal research team covering China's onshore equity and fixed income universes. In alternatives, the firm originates direct private equity and venture capital deals through its network of state-linked institutions, corporate relationships, and Hong Kong-based intermediaries. It also commits to external private funds as a limited partner, a channel that supplements its internal direct-investing capabilities.

### Is E Fund Management a fund of funds, a direct asset manager, or both?

Primarily a direct asset manager. E Fund operates a large product line of internally managed mutual funds, ETFs, and separate accounts that invest directly in securities and private assets. Its alternatives platform includes both direct co-investments and third-party fund commitments, but the core of the firm is as a direct manufacturer of investment products rather than a fund-of-funds allocator.

### How does E Fund Management serve international investors?

Through its Hong Kong subsidiary, which manages cross-border strategies under China's Qualified Domestic Institutional Investor (QDII) and mutual recognition of funds programs. International investors can access E Fund's China strategies via Hong Kong-domiciled funds and managed accounts. The firm also participates in Stock Connect programs that allow global allocators to invest in certain onshore products through regulated channels.

### What is E Fund Management's posture on co-investments alongside external GPs?

E Fund acts primarily as a direct investor and product manufacturer rather than a co-investor alongside third-party general partners. In private markets, it has made limited partner commitments to external funds but does not market a dedicated co-investment program to outside institutional allocators. Its Hong Kong subsidiary is the primary vehicle for any collaborative cross-border structures.

## Related profiles

- [Dynasty Wealth & Asset Management](https://altss.com/profile/dynasty-wealth-and-asset-management)
- [Elystan Investments](https://altss.com/profile/elystan-investments)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/e-fund-management

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