Five Top Executives Discussed The New Development Momentum Of China'S Asset Management Institutions: Giving Full Play To The Advantages Of Financial Management Institutions And Deepening Financial Technology

In December 5th, it was hosted by the headquarters of the central broadcasting and television station, Guangdong, Hongkong and Macau, and the southern financial and all media group. In twenty-first Century, the innovative and open Chinese capital market, hosted by the economic report, was held in Guangzhou in twenty-first Century.

On the parallel forum of "new opportunities for opening up the capital market" in the afternoon, the 5 chief executives of Hongkong Investment Fund Association, Wong Wong Tsing Ming, Wu Zengtao, chief financial officer of the southern fund, Bi Wanying, general manager of Guotai Junan wealth management, Li Keke, Yunfeng financial senior managing director Qin Li, participated in the round table dialogue entitled "new development of China's asset management institutions", and discussed in detail the topics of wealth management transformation, the development of investment mode, the use of financial science and technology and the opening of the financial sector to CEO.

Attention should be paid to balanced allocation.

At the end of October this year, the pilot project of public fund investment advisory business was officially launched, making the topic of investment more and more popular.

In fact, more than public offering, securities companies, third party wealth management institutions are all interested in public offering license, and the mode of investment will bring about changes in the structure of information management industry and gradually become the industry consensus. A number of participants said that the key to the development of the mode was to sell the single product from the past to the balanced allocation.

The southern fund is one of the first five pilot agencies to invest in the fund, and has officially released its investment brand "Si Nanzhi investment" and launched the management fund business. Wu Zengtao, chief marketing officer of the southern fund, also made the first comment on the business of investing.

It says, "from my point of view, fund management companies can do their best to make this happen. From a product point of view, the allocation of products and products can achieve large asset allocation and provide better services for investors. Globally, there are securities companies doing wealth management, and there are IT technology companies to do business. There are three elements to do a good job in investing business: first, to have customers, to understand the real needs of customers, to form a clear goal. All wealth management must be based on this goal. If there is no goal, it is very difficult to reach a consistent view; second, the process of asset allocation involves the understanding of products and the construction and improvement of asset allocation models; third, whether the business is to be bigger or depends on the basis of customers. Fund management companies are doing so, and banks are doing so. Foreign intelligence is billions of dollars. Different groups have different customer base and services. They are also different places of different institutional services.

Ci Ming, chief executive officer of Hongkong Investment Fund Association, has also made a detailed point of view. It points out that the most important proposition is to shift from product concept to portfolio investment.

Wong Wong Ming Ming said, "the core of the investment consultant is that you represent the interests of the client, make a combination for him, and allocate different assets to serve him. A very important issue is the cost problem. There is a drawback in many parts of Hongkong and Asia. When banks sell, they often want investors to buy and sell funds frequently, so that banks can earn more commissions. If you really want to be an investment consultant, you may have to collect fees from asset allocation and assets, but this process is not easy. We have done surveys, and many people feel that they will know what they are paying according to the Commission of their products, but if they pay according to assets, they will feel that more transactions are worthwhile. Therefore, in addition to the transformation of investment consultants themselves, the mentality of customers should also be adjusted.

In addition, Qin Li, general manager of Yunfeng financial senior executive, said, "the landing of licence plates means that investment advisers have entered the stage of landing and practicing in the industry from many years of discussion. The key words of investment consultant mode may be professional, configuration and balance. We should use investment advisors to help customers achieve these goals. Logically speaking, first of all, we need to have a broad view of asset allocation and research capabilities. We need to know from a macro level what the overall economy is like, and what kind of allocation we need to know in different asset classes. Secondly, customers should choose varieties and shelves. Finally, we need to be an investment advisor and have the ability to provide all-round services.

Financial technology needs deepening

On the round table, the participants also focused on the role of financial technology in the transformation of wealth management, especially on the differences between Hongkong's financial markets and domestic financial markets in the use of financial technology.

Gao Teng international CEO Bi Wanying said, "relatively speaking, Hongkong's financial regulation pays more attention to privacy and security, and compliance control is relatively strict. Compared with the domestic market, the development of financial technology is relatively slow, but I think this is a pain point and an opportunity. Many Hongkong financial institutions are preparing and making efforts."

It said, "new financial technology, such as big data, artificial intelligence, cloud computing, block chain, mobile Internet, etc., has a good agreement with the fund's investment, research, marketing, operation and other scenarios, whether in Hongkong or the mainland are exploring opportunities for innovation in this area. Gao Teng is a company with Internet technology gene, and we have made some attempts. Of course, it is not just a company that makes optimization, but also a lot of work that we need to work together with partners to promote the development of financial technology.

Li Keke, general manager of Guotai Junan wealth management department, said, "as early as 2016, we put forward" technology + service "double wheel drive, and wrote it into the three year plan. Under the top-level strategic design, we made a series of exploration on digital wealth management, which mainly revolves around digital customer insight, customized product screening, and customer-oriented precision touch. Compared with other services, financial services have its particularity. Based on particularity, many technologies are difficult to replace, so human machine interaction has also become a matter we have been insisting on and thinking during the process of exploration. As a common builder of wealth management, the growth of our industry is our common expectation. This growth comes from customers, from a more stable and long-term customer, but also very important from our employees, from our more trusted employees. In the direction of financial technology's empowerment and personnel, we will continue to explore.

Foreign investment in China still has specific obstacles.

At the end of the round table, participants also discussed the issues related to the accelerated opening up of China's financial market.

Among them, Wong Wong Ming Ming explored some of the practical obstacles existing in the current entry of foreign institutions into the Chinese market.

"The foreign capital is actively studying how to enter the Chinese market," Huang Wang said. "However, some problems have also been encountered in the process of entering the market. For example, in addition to public offering, there are many channels for foreign capital to enter China's domestic market, including banks, insurance, and so on, and how to choose, which way is better, how to push products, and whether regulation is unified, and so on, which involves very specific problems.

Bi Wanying said, "from the past 40 years of reform and opening up in China, the success of many industries depends on opening up to the outside world. Because the open, transparent and market-oriented operation of an industry is the guarantee for the rational allocation of resources and the maximization of efficiency. The same is true for the financial industry. But the financial industry is not like the electricity, logistics, automobile, Internet and other industries. It has a great impact on the national economy and people's livelihood, and needs to be more prudent and prudent. Now that China's financial opening has entered the deep water area, we are slowly letting go of this intensity and speed. At the same time, on the one hand, we should introduce foreign capital. On the other hand, we should also prevent and control risks in the process of introducing, draw lessons from the global financial crisis, and carry out an orderly and steady process of opening up. Although China's public offering fund company has not been established for a long time, it has only been more than 20 years, but from the very beginning, it has advanced the concept of advanced asset management in foreign countries. Therefore, the starting point of Chinese public fund is relatively high. Whether it is top-level design, investment research process, compliance control, disclosure of information, etc., it is designed and implemented in accordance with international high standards. In the past 20 years, there have been many exchanges and cooperation between China's asset management institutions and foreign investment institutions. I believe the potential of China's capital market is huge. There must be large volume and global companies coming out in the future.