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Sinochem Group holds stakes in two fund management companies, namely Lion Fund and Baoying Fund. Lion Fund, to which Sinochem Group is the principal sponsor, is one of the first 7 fund companies in China qualified to manage funds from insurance companies, and also one of the first of its kind to conduct private wealth management business. It manages more than 50 open-end funds, with over RMB 120 billion worth of assets under its management, serving almost 7.7 million clients.