Hywin is the third largest third-party wealth management service provider in China, with a 7.5% market share in terms of 2019 transaction value, according to CIC. Its primary services are wealth management, insurance brokerage, and asset management. Wealth management is currently its largest business segment, in which its onshore and offshore solution platform serves clients across generations. This unit markets and distributes investment products and funds that raise capital both privately and through public offerings.