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Founded Year



Series D | Alive

Total Raised


About HWAS Bank

HWAS Bank, fka Huashe Wealth, is an independent asset management agency that provides wealth management, overseas asset allocation, high-end education, and other comprehensive financial services for high net worth individuals.

HWAS Bank Headquarter Location

10/F, Huashe Building 318 Fuzhou Rd, Huangpu District

Shanghai, Shanghai,


+86 400-623-3286

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Latest HWAS Bank News

Affirma Capital invests $20m in Chinese wealth management firm HWAS Assets

Sep 24, 2019

September 24, 2019 HWAS Assets has raised $20 million in a Series C+ round of financing from Affirma Capital, a private equity spin-out of Standard Chartered Private Equity, as the Chinese wealth management company prepares to lift its fintech capabilities and further expand into the overseas market. The strategic investment represents “a deep and extensive collaboration” between HWAS Assets and Affirma Capital in the fields of China-focused private equity investments and quality assets investments at home and abroad, said HWAS Assets chairman Jiang Weiyan in a recent company statement . The collaboration comes as Affirma Capital is gradually raising the stakes in the Chinese market, following its investments in China Cinda Asset Management, New China Life Insurance, food processing firm COFCO Corporation, and New York-listed ZTO Express. With $3.6 billion in assets under management and over $700 million for new investments, Affirma Capital has injected over $5.5 billion into about 90 companies across Asia, Africa, and the Middle East. HWAS Assets, founded in September 2013 and based in Shanghai, mainly offers financial products and services to high net worth individuals in China. The company currently has over 300 employees across a dozen cities including Beijing, Shanghai, Chengdu, and Xi’an. The company already set up branches in Hong Kong, Indonesia and Singapore. It plans to further expand into the overseas market and upgrade itself into “a one-stop global asset allocation and wealth management platform” upon the completion of the new investment, according to the statement. HWAS Assets plans to increase investments in big data, cloud computing, artificial intelligence (AI), blockchain and other fintech-related technologies to enhance its strengths in customer acquisition, product design, business operation, risk control and post-investment management. HWAS Assets has by far completed four investments including the Series C+ round. The company closed RMB100 million ($14.04 million) in a Series C round from investors including Chinese internet firm Fujian CNFOL Network, and Chinese investment companies Smallville Capital and Zheshang Venture Capital in January 2018. It also raised a Series B round in December 2016 and a Series A round in January 2016. Financial details of the two rounds remained undisclosed. Chinese venture capital firm Gobi China, Beijing-based China Soft Capital, and real estate-focused investment services provider Shanghai Greencourt Investment were also among backers in its previous rounds.

  • When was HWAS Bank founded?

    HWAS Bank was founded in 2013.

  • Where is HWAS Bank's headquarters?

    HWAS Bank's headquarters is located at 10/F, Huashe Building, Shanghai.

  • What is HWAS Bank's latest funding round?

    HWAS Bank's latest funding round is Series D.

  • How much did HWAS Bank raise?

    HWAS Bank raised a total of $35.69M.

  • Who are the investors of HWAS Bank?

    Investors of HWAS Bank include Zhengping Road & Bridge Construction, Affirma Capital, SmallVille Capital, ZheShang Venture Capital, and 6 more.

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