南财观察·晋行时｜破局与重构 资管迈入体系时代

Core Viewpoint - The asset management industry in China is undergoing a transformation to address structural challenges and enhance competitiveness in the face of market volatility, emphasizing the need for systemic operations over individual strategies [2][3] Group 1: Structural Challenges - The industry faces three major structural contradictions: differentiation difficulties, capability shortcomings, and a trust crisis, which stem from its current "workshop" era [2] - The transition to an intelligent era necessitates a shift from individualistic approaches to systematic operations [2] Group 2: Revolutionary Directions - The first revolution is an industrial one, focusing on transitioning from human governance to mechanisms, establishing a comprehensive investment research process that includes strategy, production, and risk control, while embracing AI technology for scalable decision-making [2] - The second revolution is ecological, moving from product-centric models to solution-oriented approaches, with "fixed income plus" as a starting point, and integrating asset management with wealth management to balance returns and security for clients [2] - The third revolution is a value revolution, directing financial resources towards new productive forces and promoting the global pricing of RMB assets [2] Group 3: Future Trends - The asset management industry is entering a phase of "value creation," with heightened demands for specialization, personalization, intelligence, and globalization [3] - Regulatory transparency, technological infrastructure, and the internationalization of the RMB are identified as irreversible trends for the future [3] - The industry must break away from dependency on traditional paths and build trust in systemic frameworks, establishing a foundation of talent, processes, and technology [3]