On January 16, Jin Qi, President of BOCOM wealth management, said at the "Global Wealth Management Forum · Shanghai suhewan summit" that as the main force of the asset management industry, bank wealth management must help the development of the bond market and stock market.
"Looking back on the development process of the new asset management regulations in the transition period of recent three years, the banking and financial management industry is developing in transformation and transforming in development. It is expected that it will embark on the fast track of healthy and sustainable development in the next few years." He said.
At the same time of development, pressure also exists. "The first is the shortage of assets." He said that all institutions feel the increasing pressure to obtain desirable assets, which brings great challenges to the expansion of product scale and management scale, and market risks are constantly triggered. It is expected that the pressure in this regard will increase in the next few years.
From the market data, the overall capacity of China's bond market is about 120 trillion yuan and the stock market is about 80 trillion yuan, but the scale of asset management has exceeded 110 trillion yuan. If the scale of asset management grows at a rate of 10% - 20% in the future, whether the capacity of standardized investment market can support the rapid development of various institutions is a problem that needs to be considered and solved.
In addition, he believes that the biggest difference between China's overall asset management market and mature market is the lack of long-term capital sources.
At the same time, the market depth is not enough. "The scale of China's standardized market is about 200 trillion yuan, which is difficult to support the asset allocation needs of asset management institutions. For example, according to the industry laws of overseas mature markets, generally speaking, the proportion of alternative investment is 25% - 30%, while our proportion of alternative assets is low." He said.
He also said: "many global wealth management companies can participate in bank loans, consumer credit, mortgage loans, REITs and other fields, and we should also learn from them. As an important channel to support the real economy and promote consumption, asset management companies can also have great potential."
