On May 19, 2017, China (Shenzhen) Wealth Management Summit Forum co-sponsored by Shenzhen Small and Micro Enterprise Development Promotion Association, Shenzhen Private Equity Association and Financial Vision was held in Shenzhen Venice Ruito Hotel.
Hundreds of leaders and elites from industry associations, state-owned banks, city commercial banks, rural commercial banks, joint-stock banks, insurance companies, fund companies, trust companies, consulting institutions, third-party wealth management institutions, Internet financial institutions gathered together to discuss the innovation and development issues of wealth management and asset management.
The core theme of this conference is "Wealth Management", aiming to build a platform for the exchange of ideas of experts and scholars, wealth and asset management experts, senior representatives of new media, etc. Discuss and promote the great reform of Shenzhen wealth management industry together!
Yao Yudong, former director of the Financial Research Institute of the People's Bank of China/Chief economist of Dacheng Fund Management Co., LTD.; Yang Delong, former managing director and chief economist of Haiyuan; JACK WESTOVER, founder of First Reputation Wealth Management/President of Yueshang Group; RAPHAEL, Jewish family education expert/Professor of Jewish thinking and Wisdom GENIS and others as special guests attended the forum, and on China's financial asset allocation, risk control and financial thinking and other topics delivered insights.
In recent years, with the deepening of global economic integration, the vigorous development of China's economy in the past decades, and the rapid growth of urban and rural residents' income, the wealth management industry has ushered in unprecedented development opportunities. The era of all-round wealth management has come!
Yao Yudong, former director of the Financial Research Institute of the People's Bank of China, said: From the perspective of macro-economy, the global economy lacks liquidity and insufficient progress in international economics. In addition, the central banks of the issuing countries of international currencies began to shrink their balance sheets, and it took eight years to study a series of theoretical models. In this way, commodities will be depressed in the future, liquidity will lead to the downturn of the liquid market, and world trade will be depressed. This year's global economic growth will not be particularly good, but it will not be particularly bad, because driven by the US, China and India, the growth rate is expected to stabilize at around 3%. China's economy has entered the "new normal" phase of prosperity, it is not a new cycle, it is not bottoming out, but there is still downward pressure and short-term positive situation, it is not overheated, it is a happy mild hot.
China's economic growth continues to slow down, but China's high net worth population and investable amount are still growing steadily. The entire wealth management industry in China has a market size of one trillion yuan, and there will be huge room for growth in the next 10 years and 50 years. At the same time, third-party wealth management companies will gain more market shares, and with the deepening of private wealth globalization, wealth management companies will play an important role in expanding wealth allocation from domestic to global.
Through the sharing of several industry senior experts at the forum, we clearly understand that the investment awareness of Chinese middle class and even wealthy class is becoming more and more strong. Under this important opportunity, there is an urgent need for a more diversified, broader and deeper financial market system to facilitate the integrated development of China's financial market.
The wealth Management Summit Forum has brought wonderful knowledge sharing and rich experience for the innovation and development of the domestic wealth management industry and the improvement of the service ability of wealth management practitioners. It has effectively improved the financial and business literacy of the people and given the majority of investors forward-looking suggestions on wealth management, which has made a good interpretation of the innovation of wealth management services.
