
Core Viewpoint - The development of the asset management industry in China is driving higher demands for custody services, necessitating improvements in the custody industry to support sustainable development and financial innovation [1][6]. Group 1: Event Overview - A closed-door seminar on the construction of specialized custody banks was held in Shanghai, organized by the Southern Finance Media Group and the 21st Century Asset Management Research Institute, with academic support from Shanghai University of Finance and Economics [1][3]. - The seminar included speeches from leaders, a presentation of the "Research Report on the Construction of Specialized Custody Banks," and discussions among experts from various sectors [3][4]. Group 2: Expert Insights - Experts highlighted that specialized custody banks are crucial for the professionalization, scaling, and digitization of the custody industry, with significant business development potential [6]. - The establishment of specialized custody banks is deemed necessary for enhancing financial infrastructure, mitigating risks, and supporting the construction of Shanghai as an international financial center [6][7]. Group 3: Policy and Market Context - The current policy environment supports the construction of specialized custody banks, aligning with national strategies for building a strong financial country and ensuring high-quality financial development [7]. - The demand for custody services is expanding rapidly, with strong client and ecosystem support, indicating a potential for achieving economies of scale [7]. Group 4: Long-term Vision - The 21st Century Asset Management Research Institute aims to provide insights and references for policymakers to foster the long-term stable development of the custody industry [8].