E Fund Management Co., Ltd.

China

E Fund is a leading comprehensive mutual fund manager in China with over RMB 3.5 trillion under management, offering investment solutions to both onshore and offshore clients.

CCI Score

4.04

-0.01% April 18

Latest Event

Whistleblower Exposes Fraud and Bribery at E Fund Hong Kong

On September 24, 2024, a whistleblower letter detailed a series of allegations against E Fund Asset Management (Hong Kong) Ltd., accusing it of covering up major investment losses, bribery through lavish gifts, manipulated fund valuations, unauthorized fund transfers, and illegal short-selling, practices that severely undermine ethical standards and market integrity.

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OBJECTOR

E Fund Management Co., Ltd. is currently rated as an Objector.

0 to +9 CCI Score

These companies deliberately avoid direct involvement with authoritarian practices. While they do not actively challenge oppressive regimes, they maintain a neutral stance to ensure they are not complicit in supporting such systems.

Latest Events

SEP

24

2024

Whistleblower Exposes Fraud and Bribery at E Fund Hong Kong
-76.65

On September 24, 2024, a whistleblower letter detailed a series of allegations against E Fund Asset Management (Hong Kong) Ltd., accusing it of covering up major investment losses, bribery through lavish gifts, manipulated fund valuations, unauthorized fund transfers, and illegal short-selling, practices that severely undermine ethical standards and market integrity.
-90

Business Practices and Ethical Responsibility

April 2

The whistleblower’s allegations detail extensive ethical breaches including fraudulent financial reporting, bribery via luxury gifts, manipulated fund valuations, and unauthorized transfers. Such practices breach core ethical responsibilities and corporate governance standards, creating a negative impact on investor trust and financial market integrity.

Whistleblower Exposes Major Scandal at E Fund Hong Kong: Allegations of Fraud, Bribery, and Market Manipulation
-70

Economic and Structural Influence

April 2

The allegations also indicate collusion with state-owned banks and systemic manipulation of financial reports to conceal losses, thereby distorting market operations and undermining economic structures. This kind of economic manipulation furthers systemic risks and erodes regulatory oversight.

Whistleblower Exposes Major Scandal at E Fund Hong Kong: Allegations of Fraud, Bribery, and Market Manipulation
SEP

30

2021

Improving Corporate Governance through Investor Engagement
56.08

E Fund Management engaged with investee Company Y to improve its corporate governance, particularly by encouraging a revision of profit-sharing terms and the creation of additional board roles to better safeguard the interests of minority shareholders.
+80

Business Practices and Ethical Responsibility

April 2

E Fund Management's active investor engagement to refine corporate governance practices—such as revising profit guarantee agreements and clarifying board responsibilities—demonstrates a strong commitment to ethical business practices and shareholder rights. This proactive approach promotes transparency and accountability, aligning with anti-authoritarian, progressive corporate governance.

E Fund Management: improving corporate governance in China through engagement
JAN

01

2017

Launch of ArkESG ESG Platform
32.70

In 2017, E Fund Management Co., Ltd. began building its proprietary ESG technology platform, ArkESG, which uses AI-powered analysis, NLP, and knowledge graph techniques to integrate ESG evaluations into its investment research processes and facilitate responsible investment practices in China.
+70

Business Practices and Ethical Responsibility

April 2

The development and implementation of the ArkESG platform demonstrates strong ethical business practices by integrating ESG data systematically into investment processes, helping to mitigate ESG-related risks and promote responsible investment. This initiative supports corporate transparency and accountability, aligning with progressive, anti-authoritarian values.

E Fund Management: Responsible investment in China with a technology lens
+80

Technology and Services Impact

April 2

The ArkESG platform leverages advanced AI, NLP, and big data techniques to process vast amounts of ESG data, thereby enhancing transparency and enabling the early detection of ESG risks. This innovative use of technology supports ethical investment practices and serves as a model for integrating digital tools in financial analysis in a way that aligns with anti-authoritarian, progressive principles.

E Fund Management: Responsible investment in China with a technology lens