FINANCE

Ant Group’s Fund Sales Arm Sees Profit Surge as Index Funds Boom

Published: Apr. 2, 2026 5:22 p.m. GMT+8

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Fintech giant Ant Group Co. Ltd.’s fund sales subsidiary more than doubled its net profit last year, underscoring strong earnings growth among China’s mutual fund distributors.

Ant (Hangzhou) Fund Sales Co. Ltd.’s net profit jumped 141% to nearly 1.1 billion yuan ($154 million), topping 1 billion yuan for the first time, according to its shareholder Hundsun Technologies Inc.’s (600570.SH) annual report. Revenue rose 24% to a record 20.2 billion yuan.

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Ant (Hangzhou) Fund Sales net profit rose 141% to 1.1B yuan ($154M); revenue up 24% to 20.2B yuan.
First distributor over 1T yuan equity fund holdings; equity index funds hit 482.5B yuan amid passive strategy demand.
China Merchants Bank fund revenue up 40.4% to 5.8B yuan; Shanghai Tiantian profit rose 19% to 180M yuan.

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Who’s Who

Ant Group Co. Ltd.: Ant Group Co. Ltd.’s fund sales subsidiary, Ant (Hangzhou) Fund Sales Co. Ltd., reported net profit up 141% to 1.1 billion yuan ($154M), topping 1B yuan for the first time. Revenue rose 24% to a record 20.2B yuan, driven by equity index fund demand. It became China's first distributor to exceed 1T yuan in equity fund holdings.

Ant (Hangzhou) Fund Sales Co. Ltd.: Ant (Hangzhou) Fund Sales Co. Ltd., Ant Group's fund sales subsidiary, reported net profit up 141% to nearly 1.1B yuan ($154M), topping 1B yuan for the first time. Revenue rose 24% to record 20.2B yuan. It became China's first distributor to exceed 1T yuan in equity fund holdings, with 482.5B yuan in equity index funds.

Hundsun Technologies Inc.: Hundsun Technologies Inc. (600570.SH) is the shareholder of Ant (Hangzhou) Fund Sales Co. Ltd. Its annual report showed the subsidiary's net profit surged 141% to nearly 1.1 billion yuan ($154 million), with revenue up 24% to a record 20.2 billion yuan.

China Merchants Bank Co. Ltd.: China Merchants Bank Co. Ltd. (600036.SH) reported 5.8 billion yuan in mutual fund distribution revenue, up 40.4%, driven by higher equity fund holdings and sales.

Shanghai Tiantian Fund Sales Co. Ltd.: Shanghai Tiantian Fund Sales Co. Ltd., owned by East Money Information Co. Ltd. (300059.SZ), reversed a three-year decline with net profit rising 19% to 180 million yuan last year.

East Money Information Co. Ltd.: Shanghai Tiantian Fund Sales Co. Ltd., owned by East Money Information Co. Ltd. (300059.SZ), reversed a three-year decline with net profit rising 19% to 180 million yuan.

AI generated, for reference only