易方达基金获准设立财富管理子公司

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved E Fund Management Co., Ltd. to establish a wholly-owned subsidiary, marking a significant step in the wealth management transformation of the asset management industry [1][2]. Group 1: Company Developments - E Fund has established a new subsidiary named E Fund Wealth Management Fund Sales (Guangzhou) Co., Ltd. with a registered capital of 100 million RMB, focusing on securities investment fund sales [1]. - This approval makes E Fund the ninth public fund management company to set up a similar sales subsidiary, following others like Harvest Fund, GF Fund, and China Universal Asset Management [1]. - The establishment of this subsidiary aligns with the regulatory push for public fund companies to diversify their operations and enhance their wealth management capabilities [1][2]. Group 2: Industry Context - The approval of E Fund's subsidiary is part of a broader trend initiated by the CSRC to support the development of investment advisory services and wealth management within the asset management sector [2][3]. - The regulatory framework has evolved since the launch of the investment advisory business pilot in October 2019, with recent policies encouraging public fund companies to innovate and improve their comprehensive wealth management capabilities [2][3]. - The industry is witnessing a shift towards a more structured and multi-layered investment advisory service model, with a focus on client-centric wealth management solutions [4].