A.Mainland-Hong Kong Mutual Recognition of Funds
Mainland-Hong Kong Mutual Recognition of Funds initiative (MRF), effective from 1 July 2015, allows funds domiciled on Chinese mainland and Hong Kong to be sold in each other's market. MRF is a major breakthrough in the opening up of the mainland's funds market to offshore funds. It also opens up a new frontier for the mainland and Hong Kong asset management industries and makes available a wider selection of fund products to investors in both markets. The initial quota for MRF is RMB 300 billion for in and out fund flows each way.
Invesco Great Wall had long been prepared for participation in MRF and successfully registered IGW Core Competence Mixed Securities Fund with SFC under MRF regime in December 2015, becoming one of the earliest participators in MRF.
The Fund——IGW Core Competence Mixed Securities Fund 
The Fund primarily invests in Mainland China-listed equities (China A-shares). The objective of the Fund is to achieve long-term capital appreciation of its assets by investing in quality enterprises of investment value, which in turn allows the Fund to share the sustainable growth of the enterprises amid economic growth in China. The Fund is approved under the Mainland and Hong Kong Mutual Recognition of Funds (MRF) arrangement, with the Fund Class H Units available to Hong Kong investors.
General Manager of Equity Investment Department as Fund Manager,
The Fund is managed by Mr. Guang Yu, General Manager of Equity Investment Department, since its inception. Mr. Yu holds MBA in Banking and Finance from the University of Wales. He is a Certified Public Accountant (China) and has 18 years’ industry experience. Prior to joining IGW in January 2005, he held positions at China (Shekou) Certified Public Accountants Company, Hangzhou Zhongrong Investment Management, Century Securities and BOC International (China) Limited.
Award-winning Fund
Mr. Guang Yu and the Fund have won the following awards:
- Star Fund Manager Award (Mr. Guang Yu; Jian FinTech Corporation, August 2019)
- Mutual Fund Industry 20-year Anniversary · Top Equity Investment Return Fund Manager (Mr. Guang Yu; Shanghai Securities News, May 2018)
- 2017 Active Balanced Fund Star Award (IGW Core Competence Mixed Securities Fund; Securities Times, March 2018)
- Golden Fund · 3-year Performing Equity Fund (IGW Core Competence Mixed Securities Fund; Shanghai Securities News, April 2015)
- 3-year Performing Equity Fund Star Award (IGW Core Competence Mixed Securities Fund; Securities Times, April 2015)
- 2012 Equity Fund Star Award (IGW Core Competence Mixed Securities Fund; Securities Times, 2013)
- Golden Fund · 1-year Performing Equity Fund (IGW Core Competence Mixed Securities Fund; Shanghai Securities News, 2013)
Risk disclaimer: The history of fund operation in China is relatively short, and it cannot reflect all development stages of the capital market. Past performance is not a guide to future returns. Performance of other funds managed by the fund manager has no representation of the fund’s performance.
B. QDII/RQDII/QDIE
As the first Sino-US fund management company in China, IGW has been fully utilizing resources provided by its domestic and foreign shareholders. IGW’s foreign shareholder Invesco is one of the biggest global independent asset management companies with profound experience and expertise. Through introducing, absorbing and digesting sophisticated technical know-how and expertise of Invesco, we have been developing and enhancing our overseas investment capabilities over the years.
We first started to provide tailored investment advisory services to overseas clients who are Qualified Foreign Institutional Investor (QFII) since 2005. Later in 2008, we were approved as Qualified Domestic Institutional Investor (QDII).In 2015, we became one of the earliest few fund companies that won several RQDII mandates and successfully set up corresponding segregated accounts. Meanwhile, our wholly owned subsidiary, Invesco Great Wall Asset Management (Shenzhen) Co. Ltd, was approved as Qualified Domestic Investment Enterprise (QDIE) in November 2015.