According to the Tianjin Economic-Technological Development Area (TEDA), only 70 global institutions were approved for this license in 2024. It allows Boman Asset Management to invest directly in a wide range of renminbi-denominated assets in secondary markets, including listed shares, bonds, mutual funds, futures and options. It supports the firm’s broader goal of creating stronger investment pathways between Australia and China, helping to deepen economic ties and growth opportunities for both countries.
Using the new licence, Boman Group plans to introduce around RMB 1 billion (approximately AUD 200 million) of overseas institutional capital in its initial phase.
This capital will be directed to fast-growing Chinese companies, including those preparing to list on public markets, as well as strong but undervalued local businesses. The aim is to back industries that are modernising China’s economy, while opening up new opportunities for Boman’s investors in Australia and across the Asia-Pacific.
“Securing a QFII licence is a Christmas present that’s come early for us,” Boman Group CEO Eric Gao said.
“It’s a major step forward for Boman Group and a strong endorsement of our long-term commitment to China’s capital markets. It allows us to offer our clients a more direct and sophisticated way to participate in China’s growth story, while building a stronger financial bridge between Australia and China.”
“With our China headquarters in Tianjin’s Economic-Technological Development Area, we are uniquely positioned to connect global capital with high-quality opportunities on the ground. We look forward to working closely with our partners in TEDA to channel more institutional capital into sectors such as new energy, biomedicine and advanced manufacturing, and to create long-term, sustainable value for both domestic and overseas investors.”
Boman Group’s China headquarters was established in the TEDA in late 2024, alongside the Tianjin FTZ Cross-Border Investment & Financing Service Center – an “Australia Overseas Expansion Platform” designed to support Chinese and Australian enterprises with cross-border financing, overseas listings, mergers and acquisitions, and corporate restructuring.
In less than a year, Boman has signed projects with several major Tianjin enterprises and is actively building an investment pipeline aligned with local and regional priorities. Boman’s China division is also pursuing a private equity fund manager licence to further connect China’s primary and secondary markets and broaden the pathways for long-term overseas capital.
About Boman Group:
Boman Group was founded in 2011 by Eric Gao and Julius Wei. Originally known as BMY Group, the company rebranded to Boman Group in 2024. It provides high-net-worth investors with a wide range of compelling investment opportunities and structures such as fixed income, private equity, and IPOs. The Group offers value-add strategies for wealth management and diversified opportunities for asset allocation with assets currently under management valued at over $860 million.
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