On July 28, the 2018 China Asset Management Annual Conference, directed by Southern Financial Omnimedia Group, hosted by 21st Century Business Herald and co-hosted by Shanghai Pudong Development Bank, was held in Shanghai.
In the morning's main forum "New Era of Capital Management: Reform and Nirvana", Tu Guangshao, vice chairman and general manager of China Investment Co., LTD., put forward "five more" interpretations of the development trend of the international capital management industry in recent years, that is, the international capital management industry has become stricter in terms of regulatory standards in recent years; Long-term investment, passive management and alternative investment are paid more attention to the structure of asset allocation. The penetration of technology in asset management is more adequate; China's market opportunities in the global layout of asset management are getting more and more attention; ESG is more widely accepted in asset management and investment philosophy.
Tu Guangshao, Vice chairman and general Manager of China Investment Corporation
Tao Ling, Deputy Director of the Financial Stability Bureau of the People's Bank of China, delivered a keynote speech titled "From Knowledge to Action, Promoting the Smooth and Orderly Implementation of the new Regulations on Capital Management". For the following implementation of the new regulations on capital management, she said, first, do not forget the original intention, unswerving, stick to the bottom line of risk. Second, we need to keep a good grasp of the pace and intensity of our policies to prevent them from overlapping and resonating. The formulation and introduction of policies should adapt to the evolution of the market environment, and pay close attention to the marginal changes of market signs and trends. In implementing the new regulations on capital management, we must not only actively defuse risks, but also give financial institutions time and space to transform themselves, so as to be lenient, strict and moderate. Third, we need to strengthen communication with the market, increase policy transparency and eliminate uncertainties.
Tao Ling, deputy Director of the Financial Stability Bureau of the People's Bank of China
Zheng Yang, director of Shanghai Financial Affairs Office, said at the annual meeting that Shanghai's asset management industry has become an important part of the construction of Shanghai's international financial center. Looking at international financial centers around the world, either the center of financial markets and the center of asset management are organic combination, or they must be one or the other. After years of construction, Shanghai has become one of the cities with the most complete financial factor market and the most concentrated financial institutions in the world. In the future, Shanghai will seize the opportunity and strive to become the leading zone for the transformation and development of the national asset management industry, and actively build a global asset management center.
Zheng Yang, Director of Shanghai Finance Office
Liu Xinyi, president of Shanghai Pudong Development Bank, believes that the whole asset management industry is at a critical point of transformation and development, and the banking industry is the largest in terms of size, facing the biggest challenges and facing the heaviest task of transformation. But the future of bank capital management is still a piece of blue ocean, the prospect is bright. On the one hand, the wealth effect further strengthens the demand of residents and institutional clients for asset management business. On the other hand, the capital management business is capital-light, which is also conducive to the business coordination of commercial banks, so it will remain one of the core businesses of commercial banks in the future.
Liu Xinyi, president of Shanghai Pudong Development Bank
Pan Yanhong, vice president of China Pacific Insurance Group Co., LTD., delivered a speech titled "Adherence and Value of insurance capital under the New Regulations." She believes that for the future, the insurance industry should keep its focus and better play its unique value in the field of capital management. Adhere to one: do not forget the original intention, insurance surname insurance, return to the roots. This is not only a regulatory requirement, but also the basis for the survival, development and value of the insurance industry. Adhere to 2: asset and liability management, adhere to the basic concept of "long-term investment, steady investment and value investment", effectively play the role of product-oriented assets and liabilities closed-loop mechanism, adhere to do something and do something, and effectively promote the stable and sustainable growth of value.
Pan Yanhong, vice president of China Pacific Insurance Group
In the afternoon, three sub-forums were held, namely new capital management forum, Tuyere Investment Forum and smart finance forum. The topics were focused on "Capital management reform and competitiveness reconstruction after the new regulations" and "Broad asset Allocation: Where are the investment opportunities?" And "From Gaming to Integration: New Trends in Smart Finance".
In the forum, senior executives from the asset management departments of China Construction Bank, Industrial Bank, Guangfa Bank, China Merchants Bank and Huaxia Bank, as well as non-banking financial institutions such as trust banks, securities brokerages and funds discussed how to transform the asset management industry after the implementation of the new regulations and rules. Most people in the asset management industry believed that The current environment presents serious challenges and new opportunities for bank capital management. In the future, bank asset management should first carry out a comprehensive transformation battle in positioning, business philosophy and investment philosophy, and then comprehensively improve and reconstruct channel sales, product design, investment and research capacity building, IT support system and other aspects.
Under the new regulations of capital management and multiple policies, the market risk, credit risk and investment risk of investment are increasing. In this context, where are the investment opportunities and how to take into account the risk control? Tuyere investment theme forum, investment experts from different fields to share their views on this.
Zeng Gang, Director of the Banking Research Office of Institute of Finance and Banking, Chinese Academy of Social Sciences, delivered a keynote speech titled "RMB unanchoring and Monetary and financial Operation" at Tuyere Investment Forum. He believed that the anchor of RMB needs to be reset and its influence on monetary and financial policies needs to be reassessed. This requires a balance of three issues: First, in the current environment, relevant authorities need to explore new ways to supply money, or shift the anchor of the renminbi from the US dollar to a basket of currencies. Second, the economic cycle between China and the United States is not synchronized, and there is still the need to stabilize economic growth. Therefore, in the future, how to actively reduce the interference of the divergence of monetary policies between China and the United States, the RMB needs to "unanchor" (off the peg to the US dollar). Third, as unanchoring may bring downward pressure on the RMB exchange rate and increase capital outflow pressure, it will take a long process and effective measures for the central bank to rebuild expectations on the stability of the currency exchange rate and restore public confidence.
Li Baozhong, chairman of China Mutual Insurance Industry Fund, said at the meeting that this year's investment tuyair in China's Internet insurance innovation venture equity investment. The main business of an insurance company is to sell policies and make investments. The crown jewel of global capital management is only insurance, only insurance capital management, from financing to investment, exit, return, the whole process is closed loop. How to produce the design to sell, premiums collected, invested, invested after the return, to pay the policy holders or beneficiaries, complete such a closed loop. This closed loop, the user experience is getting better and better, more and more people buy, roll bigger and bigger.
Technology is changing finance. In the context of digitalization becoming a wave of global finance, from customer acquisition to precision marketing, technology has brought a profound impact on the transformation of financial institutions. Intelligent investment clients continue to upgrade, and AI investment continues to evolve. Smart Finance Forum, technology and finance elites around the topic of discussion.
During the annual meeting, the 21st Century Asia Asset Management 30 Forum, initiated by the 21st Century Business Herald, was officially inaugurated. One of the purposes of the forum is to provide policy makers with broader and more diversified decision-making basis, enhance the scientific and participatory reference of public decision-making, and enhance the understanding and support of the whole society for the asset management industry. Strengthen the communication and exchange between market participants, policy makers and regulators on industry policies and regulatory measures, to help the sustainable and healthy development of the capital management industry. The Forum also released the 2018 China Asset Management Development Trend Report.
On the same evening, the 2018 (11th) China Capital Management "Golden Bay Award" was announced. As a heavyweight selection activity in the industry, the "Golden Bay Award" selection has been successfully held for ten times since 2008. Based on data, the selection focuses on the asset management industry, carries out objective analysis and evaluation from multiple aspects such as earning ability, innovation ability, risk control ability, team quality, market recognition and social responsibility, and summarizes the development of bank asset management, trust, insurance, securities, funds, futures and other institutions, and selects the leaders that promote the rapid growth of China's asset management industry. It provides valuable reference for investors to choose investment objects and investment products.
The 2018(11th) China Capital Management "Golden Bay" Award List
2018 China Capital Management [Golden Bay Awards] : The main list
Industrial and Commercial Bank of China LTD
2018 Best Asset Management Bank China Merchants Bank Co., LTD
2018 Best Asset Management Bank Shanghai Pudong Development Bank Co. LTD
Agricultural Bank of China Co., LTD
Industrial Bank Co., LTD
2018 Best Insurance Asset Management Company China Life Asset Management Co., LTD
2018 Best insurance Asset Management Company Ping An Asset Management Co., LTD
2018 Best insurance Asset Management Company Taikang Asset Management Co., LTD
2018 Best insurance Asset Management Company: Pacific Asset Management Co., LTD
2018 Best Insurance Asset Management Company Taiping Asset Management Co., LTD
2018 Best public Fund Management company Harvest Fund Management Co., LTD
2018 Best Trust Company Ping An Trust Co., LTD
2018 China Capital Management [Golden Bay Award] : Banking Category
2018 The most competitive asset management bank Huaxia Bank Co., LTD
2018 Most competitive asset management bank Bank of Jiangsu Co., LTD
2018 Best Bank Wealth Management Brand China Everbright Bank Co. LTD
Top earnings performer 2018 China Minsheng Banking Co
The most promising Private bank in 2018
2018 Best Asset Management Private Bank China Minsheng Bank Private Bank
2018 Best Customer Experience Private Bank China Everbright Bank Private Bank
2018 Best Family Inheritance Private Bank Ping An Bank Private Bank
2018 China Asset Management [Golden Bay Award] : Banking and Financial Leasing and Products Category
2018 Best Cash Management Bank Bank of Ningbo Co., LTD
2018 The most influential retail bank in the region: Guangzhou Rural Commercial Bank Co., LTD
Bank of East Asia (China) Co., LTD
The best financial leasing company in 2018: Ping An International Financial Leasing Co., LTD
China Merchants Financial Leasing Co., LTD, the most competitive financial leasing company in 2018
2018 Best Business Travel Platinum Credit Card Ping An Bank Co., LTD. Credit Card Center
The most competitive cross-border asset management company in 2018, China Everbright Asset Management Co., LTD
2018 The most popular financial product Changjiang Pension Insurance - Changjiang Shengshi Tianlun No. 2
2018 The most popular financial products SPD Bank - Yueprofit series financial plan
2018 The most popular financial products Industrial Bank - Every day Wanlibao Wenli series of net worth financial products
The most popular financial product in 2018 Guangfa Bank - "full salary and full benefit - daily salary and monthly benefit" RMB financial plan
Haier Group Financial Holding Co., LTD. - Industrial investment bank
2018 China Capital Management [Golden Bey Award] : Insurance & Trust & Securities
China Ping An Life Insurance Co., LTD
The most competitive insurance asset management company in 2018: PICC Asset Management Co., LTD
The best pension management company in 2018: Changjiang Pension Insurance Co., LTD
2018 Best Earnings Performance Insurance Asset management company Life Insurance Asset Management Co., LTD
2018 Best Brand Building Insurance Asset Management Company PICC Asset Management Co., LTD
Outstanding Risk control Trust Company Zijin Trust Co., LTD
China Minsheng Trust Co., LTD
Outstanding trust company Huabao Trust Co., LTD
2018 Outstanding Trust Company Shanghai Aijian Trust Co., LTD
Outstanding Trust Company in 2018: Zijin Trust Co., LTD
2018 The most competitive securities asset management company Xingxin Securities Asset Management Co., LTD
2018 China Capital Management [Golden Bay Award] : Fund & New Financial Category
2018 Best Private Fund Management Company Shenzhen Qianhai Xinfu Capital Management Group Co., LTD
2018 Best Macro Hedge Strategy private fund management company Shanghai Unyi Investment Management Co., LTD
Shanghai Lupu Investment Management Group Co., LTD
Outstanding equity Investment fund management company Shenzhen Huaruxin Asset Management Co., LTD
2018 The most competitive overseas asset management agency, Best International Asset Management Co., LTD
2018 The most competitive private fund management company Shenzhen Hengfu Huitong Investment Management Co., LTD
2018 Most Competitive fund subsidiary (overseas) E Fund Asset Management (Hong Kong) Co., LTD
2018 Best real estate Asset Management Company Ping An Real Estate Co., LTD
The most influential private sales platform in 2018, Lufax
2018 Excellent fintech service platform Chongqing Haier Small Loan Co., LTD
2018 Excellent inclusive financial innovation Service platform Shenzhen Youjin Suo Financial Services Co., LTD
2018 Excellent and innovative financial service platform Foundation
Shenzhen Nongtai Financial Services Co., LTD., the most promising inclusive financial service institution in 2018
2018 China Capital Management [Golden Bay Award] : Third Party Wealth Management Category
2018 preeminent wealth management company Noah Wealth
2018 Excellent Wealth management company Hengtian Wealth Investment Management Co., LTD
Harvest Wealth Management Co., LTD
2018 Outstanding Wealth management company Haiyin Wealth Management Co., LTD
2018 Outstanding wealth management company Shanghai Kuake Youfu Enterprise Management Consulting Co., LTD
2018 Outstanding wealth management company Beijing Fuguo Datong Asset Management Co., LTD
2018 Outstanding wealth management company Minsheng Wealth Investment Management Co., LTD
2018 Outstanding wealth management company Nuoyuan Asset Management Co., LTD
2018 Outstanding brand building wealth management company: Meiyu Yindong Investment Management Co., LTD
2018 Excellent innovative wealth management company Jianrong Assets
2018 Excellent High net worth wealth management company Puxin Asset Management Co., LTD
2018 The most promising asset management company Hua Ao Capital - Beijing Hua Ao Rongxin International Investment Management Consulting Co., LTD
2018 The most promising wealth management company Ruibo Wealth (Beijing) Investment Management Co., LTD
2018 Outstanding Customer Service Wealth management company Zhongshan Keynesian Yulong Investment Management Co., LTD
