Sagard China is composed of an investment manager, Power Pacific Investment Management (PPIM), a Canadian corporation that has registered with securities regulators in Ontario and Quebec in Canada as a portfolio manager and investment fund manager; and Power Pacific Corporation Limited (“PPCL”), a research team based in Shanghai (that is not registered, licensed or otherwise qualified under the laws of any jurisdiction as an asset or portfolio manager). Both PPIM and PPCL are wholly owned subsidiaries of Power Corporation of Canada (“Power”).
Inception in 2004
Sagard China’s operations in China were established in 2005 to invest on behalf of Power Corporation in China’s public equity markets using a Qualified Foreign Institutional Investor (“QFII”) license. Power Corporation was among the first to achieve a QFII license to invest in China's A share market in 2004:
The first Canadian institution to be granted a QFII license in China.
One of the first non-bank/insurance/brokerage institutions to be granted a QFII license China.
Since its inception in 2004, Sagard China has successfully grown its public equity investment activities in China. Currently Sagard China has approximately $500 million AUM in its public equity portfolio of China A, H shares and ADRs. Sagard China strives to build a premium investment platform in China by attracting industry's best talents and achieve superior performance.
Power Corporation of Canada, incorporated in 1925, is a diversified international management and holding company listed on the Canadian stock exchange (TSX: POW). It is headquartered in Montreal, Quebec, Canada. It is Canada’s largest diversified financials company, which holds interests in companies that are active in the financial services, asset management, sustainable renewable energy and other business sectors in North America, Europe and Asia.
For more information about Power Corporation, please refer to the company’s website at www.powercorporation.com