Cao Yu, Vice Chairman of the China Banking and Insurance Regulatory Commission: Promoting the Common Wealth of Asset Management Industry must take the initiative – yqqlm

Securities Times Network News, on January 15, Cao Yu, Member of the Party Committee and Vice Chairman of the China Banking and Insurance Regulatory Commission, said at the Global Wealth Management Forum-Shanghai Suhewan Summit that the China Banking and Insurance Regulatory Commission will continue to promote financial institutions to improve their capital allocation capabilities and support entities accurately and efficiently. economy. As of the end of 2021, there are about 36,300 bank wealth management products in existence in my country, attracting 81.3 million investors and generating nearly 1 trillion yuan in annual revenue. The asset management industry is a pillar of the modern financial industry. First, it actively serves the upgrading and transformation of the industry. Asset management products such as banking and insurance have a long term and large scale, and it is necessary to guide funds into the core areas of the national economy. Actively explore and expand green financial business. The second is to continuously strengthen the transformation of pension funds. Asset management institutions should enrich the supply of pension products and optimize the investment structure. The third is to solidly promote common prosperity, and the asset management industry must take the initiative to convert the dividends of national economic reform and development into shareable investment returns. The fourth is to unswervingly lead the reform in depth. The asset management industry has entered a new stage of quality improvement and upgrading, and the banking, insurance and asset management industries should continue to advance in depth. Implement the policy of opening to the outside world and introducing foreign capital.