One year has passed since the implementation of the new regulation on capital management, and the supply-side structural reform of the financial sector is deepening. How to achieve high-quality development is a major topic.
On July 20, 2019 China Asset Management Annual Conference was held in Shanghai under the guidance of Southern Financial Omnimedia Group, hosted by 21st Century Business Herald and co-hosted by Shanghai Pudong Development Bank. Centering on the theme of "supply-side structural reform and high-quality development of finance", the development and changes of domestic and international macroeconomic situation were deeply discussed. And how financial institutions can promote supply-side structural reform in the area of capital management to better serve the real economy. The forum was packed and popular.
In the morning of the main forum, the organizer of the South Financial Media Group Party secretary, chairman Ren Tianyang said in a speech, this year is the 70th anniversary of the founding of New China, 70 years to benefit from the rapid growth of China's economy, the rapid development of China's financial industry, China's asset management industry from zero to develop into a huge market of one hundred trillion. It has made great contributions to the real economy.
Tu Guangshao, former Vice Chairman of China Securities Regulatory Commission, delivered a keynote speech on the topic of Transformation and Development of Asset Management Industry and Optimization of financing system structure. He believed that in order to achieve transformation and development of asset management industry and optimization of financing system structure, it is necessary to promote the development of direct financing, build a good public offering and private market, and change "channel" into "channel". And increase the proportion of direct financing, equity financing and medium - and long-term funding sources, and promote the development of the capital management industry with the development of the regulatory approach.
Tao Ling, Secretary General of the Office of the Financial Commission, delivered a keynote speech titled "Stick to the Original Purpose and Mission, Stable and long-term Development of the Asset management industry". In her opinion, since the release and implementation of the new regulations on asset management, all parties have reached the largest consensus, and the transformation has been effective. The determination to transform the industry is great and the confidence is sufficient, but it is undeniable that the challenges are still severe. Generally speaking, there are the following "difficulties" : first, the disposal of stock assets is difficult; Second, it is difficult to launch new products; Third, equity investment is difficult. Finally, she also said that the original aspiration and mission of the financial industry is to prevent financial risks and serve the real economy, which should also be the fundamental purpose of leading the capital management industry. Staying true to our original aspiration and mission, we will not only continue to unswervingly, actively and prudently implement the new regulatory system, but also deepen the reform of the capital management sector with the overall economic and financial development in mind.
Liu Fushou, chief lawyer of China Banking and Insurance Regulatory Commission, delivered a keynote speech on "Steadily Advancing the reform of the asset management business to Better Serve the high-quality Development of the Real Economy". He said that the asset management business of the banking and insurance industry is an important force in the industry, accounting for more than half of the total size of the asset management market. At present, it is an important task for the regulatory authorities to promote the transformation of bank financial services, and financial subsidiaries are the key focus.
Bai Ruiming, deputy secretary-general of China Banking Association, delivered a keynote speech on the topic of "Embracing the Reform and Seizing the Opportunity to Promote the High-quality transformation and development of bank finance". He pointed out that at present, banks still face some difficulties in the transformation and development of financial services, such as stock assets disposal, bank finance tax, subsidiary product operation and other problems. To this end, he put forward suggestions for the transformation of bank financial services: first, timely release the policy of proper disposal of stock assets; Second, give the bank financial management the same preferential tax policies; The third is to further clarify the relevant provisions on the operation of financial subsidiary products.
Li Jun, deputy director of Shanghai Local Financial Supervision Administration, said in his speech that from international experience, the asset management center is bound to be the center of convergence of funds, institutions, talents and services, and Shanghai has a relatively solid foundation in these aspects. By 2020, Shanghai should be basically built into an international financial center commensurate with China's economic strength and the international status of the RMB.
In his speech, Liu Xinyi, the president of Shanghai Pudong Development Bank, elaborated the bank's thinking on the bank's finance subsidiaries. Firstly, the bank's finance subsidiaries should adhere to the market-oriented, differentiated and international development path; Secondly, the bank finance subsidiary should deal with five aspects. He put forward two suggestions for the establishment of bank finance subsidiaries: take bank finance subsidiaries as one of the breakthroughs of financial supply-side structural reform; Seize the opportunity and cooperate with each other to better undertake the mission of financial services for the real economy.
Mo Dewang, general manager of China Guoxin Holdings Co., LTD., Li Geping, president of Citic Jiantou Securities, Li Wen, chairman of Huitianfu Fund, and Duan Guosheng, executive Vice president and chief investment officer of Taikang Insurance Group and CEO of Taikang Assets, also delivered wonderful keynote speeches.
At the same time, the forum released the 2019 China Asset Management Development Trend Report, which is divided into six parts, including "financial supply-side structural reform of the capital management supply reform", "Annual examination of the new capital management regulations", "Insight into the future of wealth management subsidiaries", "capital management legal disputes and solutions", "Investor Class", "Dialogue with the capital Management 30 people".
Since the beginning of this year, a number of bank financing subsidiaries batch funding or opening, quite the industry attention. Liu Xinyi, president of Shanghai Pudong Development Bank, also suggested that the bank's finance subsidiary should be one of the breakthroughs in the structural reform of the financial supply side.
Presided over by CAI Tao, General Manager of Asset Management Department of Shanghai Pudong Development Bank, Gu Jiangang, chairman of ICBC Financial Management; Tu Hong, director of Inter-bank business and chairman of BoCom Financial Management; Yu Yong, vice president of China Life Asset Management Co., LTD.; Gu Weiping, president of Asset Management Division of Industrial Bank; Zhang Changlin, general manager of Asset Management Department of Minsheng Bank; Chen Fang, general manager of Asset Management Department of Guangfa Bank; Chen Ping, deputy general manager of Asset Management Department of China Merchants Bank Ming and other guests around the "financial subsidiary construction path" wonderful exchange and discussion.
In the afternoon of the same day, three thematic sub-forums were held in parallel, namely major asset allocation theme forum, bond market investment theme forum and real estate fund theme forum. The topics respectively focused on "Major asset allocation under the new pattern", "bond market investment under the tough battle to resolve financial risks" and "real estate fund investment Trend in the New era". We will discuss the structural reform of financial supply side in the subdivision of capital management.
After the new regulation on asset management, how can the asset management personnel of banks, under the pressure of asset allocation based on solid income, stabilize the income of bank financial management on the basis of recognizing the core customer group? How to better carry out bank-securities base cooperation and build their own broad asset allocation system? From Shanghai Pudong Development Bank, Bank of Jiangsu, Guangdong Nanyuke Bank, Pengyang Fund, UBS State Investment Bank, Shanghai Axa Fund, Shanghai International Trust, China Resources Trust, Zijin Trust, Citic Securities and other banks, funds, trust, securities and other senior experts to carry out a warm and in-depth discussion, wonderful.
Xie Wei, vice president of Shanghai Pudong Development Bank, pointed out that to achieve the long-term goal, the bank's financial subsidiaries need to grasp at least five breakthrough points, including the breakthrough of incentive mechanism, operation mode, product innovation, investment ability, ecological resources and so on. The establishment of the bank finance subsidiary marks the beginning of the nirvana rebirth of the bank capital management industry, and there is a long way to go in the future.
In the real estate fund forum, Zou Yimin, Chairman and CEO of Ping An Real Estate Company, delivered a guest speech, Wang Zhongmin, former Vice Chairman of the National Council for Social Security Fund, and other keynote speeches. Many senior people from banks, trusts, real estate and law firms also made wonderful discussions.
Zou Yimin said that the domestic real estate equity investment is still in the development period, and this equity investment may be a new partner for real estate enterprises in the future. From the perspective of global real estate investment returns, real estate investment has been a good choice among all kinds of investments.
In the bond market investment forum, Zhao Quanhou, director of the Fiscal and Financial Center of the Chinese Academy of Fiscal Sciences, Deng Bin, chief investment officer of Pacific Insurance and other industry celebrities delivered keynote speeches.
Zhao Quanhou believes that the issuance of local bonds, the stability of investment, risk prevention role is very big. In the second half of the year, the momentum led by special bonds is likely to continue. The downward pressure on the economy is great, and fiscal revenue is weak. We still hope that the government will step up efforts to improve the effect.
Finally, a number of professionals from banks and funds held a roundtable discussion on local debt investment under the background of hidden debt resolution.
On the same evening, the 2019(12th) China Asset Management "Golden Bay" Award was announced. As a heavyweight selection activity in the industry, the selection of China Asset Management "Golden Bey" Award has been successfully held for 11 years since 2008. The selection is based on data, focuses on the asset management industry, carries out objective analysis and evaluation from the perspectives of earning ability, innovation ability, risk control ability, team quality, market recognition, investment research team, operation system, social responsibility and other aspects, and summarizes the development of bank asset management, trust, insurance, securities, funds, futures and other institutions. Select the leaders who promote the rapid growth of China's asset management industry, and provide valuable references for investors to choose investment objects and investment products.
Attached: 2019(12th) China Asset Management "Golden Bay" Award list
The main list of the 2019 China Asset Management "Golden Bay" Awards
Top Asset Management Bank 2019: Industrial and Commercial Bank of China LTD
Bank of the Year 2019: Agricultural Bank of China LTD
Bank of the Year 2019: China Merchants Bank Co
2019 Best Asset Management Bank: Shanghai Pudong Development Bank Co., LTD
Bank of the Year 2019: Industrial Bank Co. LTD
2019 Best Insurance Asset Management Company: Ping An Asset Management Co., LTD
2019 Top Insurance Asset Manager: Pacific Asset Management Co., LTD
2019 Best Insurance Asset Management Company: Taikang Asset Management Co., LTD
2019 Best Insurance Asset Management Company: Taiping Asset Management Co., LTD
2019 Best Insurance Asset Management Company: PICC Asset Management Co., LTD
2019 Best Insurance Asset Management Company: China Life Asset Management Co., LTD
2019 Best Public Fund Manager: Harvest Fund Management Co. LTD
2019 Best Public Fund Management Company: Huitanfu Fund Management Co., LTD
Best Trust Company of 2019: Ping An Trust Co., LTD
Best Trust Company 2019: Shanghai International Trust Co., LTD
2019 Best Asset Management Company: Zhejiang Zheshang Asset Management Co., LTD
2019 China Asset Management "Golden Bay" Award: State-owned, national shareholding and foreign banks
2019 Most Competitive Asset Management Bank: China Minsheng Banking Corp
2019 Most Competitive Asset Management Bank: Postal Savings Bank of China LTD
2019 Most Competitive Asset Management Bank: Zheshang Bank Co., LTD
2019 Best Bank Wealth Management Brand: China Everbright Bank Co., LTD
Best Brand Building Foreign Bank: Bank of East Asia (China) LTD
2019 Most socially responsible Bank: Huaxia Bank Co. LTD
Retail Bank of the Year 2019: Postal Savings Bank of China LTD
Best Cash Management Bank 2019: Industrial Bank Co., LTD
2019 Best Private Bank: Ping An Bank Private Bank
2019 Best Private Bank: Agricultural Bank of China Private Bank
2019 Best Brand Building Private Bank: China Minsheng Bank Private Bank
2019 Best Tech and Finance Innovation Bank: China Everbright Bank Co. LTD
2019 Best Customer Experience Credit Card Brand: Guangfa Bank Co., LTD
2019 Best Smart Experience credit Card Brand: Ping An Bank Credit Card
2019 China Asset Management "Golden Bay" Award: Urban Commercial Bank & Rural Commercial Bank & Financial Category
2019 Best Customer Experience Private Bank: Bank of Beijing Co., LTD
2019 Best Asset Custodian bank: Bank of Ningbo Co., LTD
2019 Most Competitive Asset Management Bank: Bank of Jiangsu Co., LTD
2019 Most Competitive Asset Management Bank: Bank of Nanjing Co., LTD
2019 Best Strategic Innovation Bank: Bank of Beijing Co., LTD
2019 Best Bank Wealth Management Brand: Huishang Bank Co., LTD
2019 Best Regional Retail Bank: Guangzhou Rural Commercial Bank Co., LTD
2019 Most Influential Bank in the Region: Guangdong Nanyue Bank Co., LTD
2019 Most Influential regional bank: Langfang Bank Co., LTD
2019 Best real Estate Asset Management Company: Ping An Real Estate Co., LTD
2019 Best Financial Leasing Company: Ping An International Financial Leasing Co., LTD
2019 Excellent and innovative business model: Zhejiang Zheshang Asset Management Co., LTD
2019 China Asset Management "Golden Bay" Award: Insurance Category
2019 The Most competitive insurance Asset Management Company: Everbright Sun Life Asset Management Co., LTD
2019 Most promising Insurance Asset Management Company: Life Insurance Asset Management Co., LTD
Best Risk Control Insurance Asset Management Company: PICC Asset Management Co., LTD
2019 Best Pension Management Company: Changjiang Pension Insurance Co., LTD
Best Customer Service Insurance Company: Zhujiang Life Insurance Co., LTD
2019 Most socially responsible Insurance Company: Funde Life Insurance Co., LTD
2019 Most Competitive pension Manager: CCB Pension Management Co., LTD
2019 China Asset Management "Golden Bay" Award: Trust & New Finance Category
2019 Best Industry Support Trust: Warburg Trust Co., LTD
2019 Outstanding Trust Company: Zijin Trust Co., LTD
2019 Outstanding Trust Company: Shanghai Aijian Trust Co., LTD
Outstanding Risk Control Trust Company: Zijin Trust Co., LTD
2019 Excellent Innovative Financial Service Platform: Haier Group (Qingdao) Financial Holding Co., LTD
2019 Excellent Innovative Financial Service Platform: Guizhou Zhongqian Financial Assets Trading Center Co., LTD
2019 Outstanding Internet wealth Management platform: Lufax
2019 Most influential intelligent investment management platform: Tonglian Data Co., LTD
2019 Outstanding technology financial service platform: Renrendai
2019 The most promising financial assets trading platform: Dalian Financial Assets Exchange
2019 The most promising green financial Service Platform: Guangdong Green Finance Investment Holding Group Co., LTD
2019 China Asset Management "Golden Bay" Award: Securities management, fund category
2019 Most Competitive securities Asset Management Company: Xingxin Securities Asset Management Co., LTD
2019 Best Return Performance public fund management company: Puyin Ansheng Fund Management Co., LTD
2019 Best real Estate Fund: Ping An Real Estate Fund
2019 Most Competitive fund subsidiary: E Fund Asset Management (Hong Kong) Limited
2019 Outstanding real estate fund Company: Green Innovation Finance
2019 Outstanding Equity Investment Private Fund Management company: Huaruxin
2019 Outstanding Private Fund Management Company: Shenzhen Qianhai Tianji Wealth Management Co., LTD
2019 Outstanding Private Equity Fund Management Company: Shanghai Lupu Investment Management Group Co., LTD
2019 Outstanding Equity Investment Fund Management Company: Shanghai Xianglan Asset Management Co., LTD
2019 China Asset Management "Golden Bay" Award: Wealth Management Companies & Others
2019 Outstanding Wealth Management Company: Harvest Wealth Management Co., LTD
2019 Outstanding Wealth Management Company: Minsheng Wealth Investment Management Co., LTD
2019 Outstanding Wealth Management Company: Hengtian Wealth Investment Management Co., LTD
2019 Outstanding Wealth Management Company: Haiyin Wealth Management Co., LTD
2019 Outstanding High Net worth Wealth Management Company: Beijing Fuguo Datong Fund Sales Co., LTD
2019 Outstanding Wealth Management Company: Huashe Asset Management (Shanghai) Co., LTD
2019 Outstanding Wealth Management Company: Ruibo Wealth (Beijing) Investment Management Co., LTD
2019 Outstanding Wealth Management Company: Puxin Asset Management Co., LTD
2019 Excellent Family Wealth Office: Shenzhen Jinke Family Office Wealth Management Co., LTD
2019 Most promising Wealth Management Company: Puling Wealth Management Co., LTD
2019 Most promising Factoring Company: Shenzhen Qianhai Yirong Commercial Factoring Co., LTD
2019 China Asset Management "Golden Bay" Award: Financial Products Category
2019 The most popular financial product: SPD Bank Qizhen Monthly series of pension Choice No.1 financial plan
2019 Outstanding pension security management products: Changjiang Shengshi Tianlun Stability portfolio
2019 Most popular pension financial products: CCB Pension - Feiyuebao
