Asset Management Industry in China in the Post-Pandemic Era: mp.weixin.qq.com/s/prmUnmwvckz6… #covid19 #assetmanagement
The #covid19 crisis will bring significant opportunity for future development of the asset management industry in China, encouraging asset management practitioners to improve investment knowledge and shoulder more responsibility, and improving regulatory discipline.
Several new trends: a low interest rate environment; industrial transformation and reengineering driven by digital technology; reshuffling of global supply chain and an endogenous mechanism for technological innovation in China; change of workstyle and business model etc.
Five policy suggestions to promote the development of the asset management industry: 1. better plan for building a sound environment for asset allocation, and work to enhance supporting infrastructures
2. improve the tax preferences and account system
3. encourage participation by Chinese banks in wealth management businesses
4. improve the corporate governance of asset management companies
5. supports mergers and acquisitions in asset management industry
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