# PICC Asset Management

PICC Asset Management is an Asset Manager based in Shanghai, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** piccamc.com
- **LinkedIn:** https://www.linkedin.com/company/picc

## Regulatory record

- **Reports private funds:** No

## About

Founded in 2003, PICC Asset Management operates as the dedicated asset management subsidiary of the People's Insurance Company of China. The firm manages insurance special accounts alongside a range of portfolio products, with a mandate that channels policyholder premiums into both traditional financial instruments and alternative investments. The firm's main business lines cover insurance special account management, portfolio products, alternative investments, international business, and public mutual funds. Its alternative investment practice encompasses real estate, infrastructure, and private credit, with the research function actively evaluating pathways for insurance capital to enter urban redevelopment projects and technology innovation clusters. Geographically, PICC Asset Management concentrates on domestic markets, maintaining operational centers in Shanghai and Beijing, while selectively extending its footprint through its international business unit. The parent entity, the People's Insurance Company of China, is one of China's largest state-owned insurance groups, providing PICC Asset Management with a structural flow of policy-linked assets. The firm's internal communications highlight individual investment professionals such as Huang Yunqiang and Yu Qianqian, though the organization does not publicly disclose total AUM or aggregate deployment figures. In May 2026, the firm completed a research project for the China Insurance Society, underscoring its ongoing policy advisory role within the mainland insurance ecosystem. PICC Asset Management's structural differentiator lies in its dual identity: it is both a market-facing asset manager with public fund capabilities and an internal investment arm tightly bound to a state-owned insurance giant. This hybrid posture, combined with a research function that explicitly absorbs national policy priorities, distinguishes it from independent asset managers that pursue purely commercial mandates.

## Sectors

- Real Estate
- Infrastructure
- Private Credit

## Offices

- Beijing, China

## People

- Huang Ming — Investment Professional
- Huang Yunqiang — Investment Professional
- Yu Qianqian — Investment Professional

## Questions

### Who makes investment decisions at PICC Asset Management?

The firm highlights individual professionals such as Huang Ming, who authors market outlooks, and Huang Yunqiang and Yu Qianqian, recognized in internal awards. However, PICC Asset Management does not publicly disclose a formal investment committee structure or a single CIO overseeing all allocations.

### How is PICC Asset Management related to the People's Insurance Company of China?

PICC Asset Management was founded in 2003 as a wholly-owned subsidiary of the People's Insurance Company of China, one of the country's largest state-owned insurance groups. The firm exists primarily to manage the insurance float and policyholder liabilities generated by its parent, operating as the in-house asset management arm.

### What asset classes does PICC Asset Management cover?

The firm organizes its business into five main lines: insurance special account management, portfolio products, alternative investments, international business, and public mutual funds. Within alternatives, the firm's research and business communications point to activity in real estate, infrastructure, and private credit, with a documented interest in urban renewal and technology innovation financing.

### Does PICC Asset Management operate internationally?

Yes, the firm maintains a dedicated international business unit, though specific overseas offices or mandates are not publicly detailed. Its primary operational centers remain in Shanghai and Beijing, with the core investment focus on domestic Chinese markets.

## Related profiles

- [Picardie Investissement](https://altss.com/profile/picardie-investissement)
- [PICC Health Insurance](https://altss.com/profile/picc-health-insurance)

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Updated: 2026-08-11T02:43:31.692Z

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