Harmonia Capital was established in June 2010 and entered the US market in the following year. With its core concept of “Serving the Global Chinese and Investing in Global Opportunities”, Harmonia Capital establishes three strategic business sectors: CHCC Asset Management, CHCC Wealth Management, and CHCC Value-added Services. Many of our subsidiaries were granted private equity fund management qualifications under AMAC in 2014. The Group has five major focus regarding Asset Management: Fixed Income Investment, Public Market Investment, Real Estate Funds, Private Equity, Overseas Investment & Asset Allocation. At present, Harmonia Capital has established its global reach with its China's domestic business based in Shanghai and our international business based in United States.
Right after the 2008 Financial Crisis, with our own understanding of the value of Finance, “Respect” to risk management and pursuit of sustainable development, the founders created Harmonia Capital as a new-era financial group out of Chinese culture and value. Harmonia Capital persists with its distinctive investment characteristics, which are the benign interaction and integration between finance and industry and the conservatism of investment philosophy. Harmonia Capital also devotes itself to be brave in innovation, to utilize financial instruments in the most appropriate manner to create value for investors, and to bring benefits to the social welfare.
In 2011, Harmonia Capital USA was established and has successfully entered into real estate investment, private equity and secondary market sector. By the end of 2018, our cross-border investment assets under management totals $1.1 billion.
In 2016, CHCC Global Asset Management Center was established for the purpose to provide comprehensive financial services for high net-worth individuals and institutional investors, and to help every investor to allocate global assets and achieve safe asset growth. To effectively operate our business, we expanded its operations office from Houston to Los Angeles, New York City and other major cities in the United States.
By 2019, the group launched CHCC Global Service, which integrates the Group's advantageous resources in the financial services field for many years. We have initiated a consulting service system covering six major sectors: immigration, education, medical care, insurance consulting, tax planning and family trust. To meet a more comprehensive financial needs of high net-worth individuals, CHCC Global Service is intended to bring investors not only financial return of wealth, but higher standard of living and better quality of life.
China’s Economic Reform and Opening-up during the last forty years demonstrate numerous achievements. Harmonia Capital, in its first decade since inception, has become an international and diversified asset management group with multi-industry and multi-region exposure, making itself a new generation of investment banks and asset management institutions from China.