Xin Hua She·2025-08-09 05:11Core Insights - The forum hosted by China Merchants Bank focused on high-quality development in wealth management within the Guangdong-Hong Kong-Macao Greater Bay Area, emphasizing collaboration among financial institutions [1][3] - China Merchants Bank's retail insurance distribution has surpassed 1 trillion RMB, indicating significant growth in its wealth management services [2] - The bank's assets under management (AUM) exceed 16 trillion RMB, with total asset custody over 24 trillion RMB, showcasing its strong market position [1] Industry Trends - The Chinese wealth management industry is experiencing substantial growth potential, with predictions of an annual growth rate of 8%-10% in the wealth management market [3] - The transition to a low-interest-rate environment poses challenges and opportunities for wealth management institutions, necessitating a focus on creating stable, low-risk investment products [3] - Changing customer demands are driving wealth management firms to enhance service capabilities, requiring a shift towards a more comprehensive and integrated service experience [3] Strategic Directions - Wealth management institutions must adapt to regulatory changes and shift from a focus on scale to a focus on investor-centric approaches, emphasizing long-term value and investor rights [4] - The integration of AI technology is expected to revolutionize wealth management, impacting service delivery, operational models, and investment strategies [4] Company Initiatives - China Merchants Bank is prioritizing a long-term effective business model, focusing on AUM growth rather than just sales volume, and enhancing customer retention [5] - The bank is diversifying its product offerings across various asset classes, including funds, insurance, and private equity, to create a balanced revenue structure [5] - Customer experience is being improved through a focus on product management and risk control, ensuring a stable and positive client interaction [6] Future Vision - The bank aims to be a key player in building a strong financial nation, supporting the development of the real economy and enhancing its global competitiveness [7] - China Merchants Bank is committed to providing comprehensive global asset allocation services, leveraging its international presence and cross-border capabilities [7] - The bank is embracing an "AI First" strategy to become a leading intelligent bank, collaborating with partners to innovate in AI applications within the financial sector [7]