CICC(SH:601995) Zhong Guo Zheng Quan Bao·2025-08-18 22:06Core Insights - The wealth management industry is accelerating its transition from a "sell-side" to a "buy-side advisory" model, driven by recent policies aimed at promoting high-quality development in the securities industry [1][2] - CICC Wealth has achieved a significant milestone with its buy-side advisory assets exceeding 100 billion yuan, reflecting the growing trend of residents allocating wealth to capital markets [1][6] Group 1: Strategic Positioning - CICC Wealth adheres to a buy-side advisory strategy, implementing a fee structure based on client asset retention and excess returns [2] - The company is developing a "50 ecosystem" that integrates asset management and wealth management services, enhancing collaboration across various financial products [2] - CICC Wealth is focusing on balanced asset allocation, leveraging over a decade of systematic research to navigate trends such as declining interest rates and market recovery [2] Group 2: Client-Centric Approach - The company has established a comprehensive "advisory service pyramid" that includes various levels of advisory services to support rational decision-making among clients [3] - CICC Wealth emphasizes long-term partnerships with fund managers, ensuring rigorous evaluation processes for product offerings to select those with sustainable performance [5] - The firm aims to align its interests with those of investors, promoting a model where both parties benefit from asset growth and long-term trust [4] Group 3: Industry Development - The release of the "Action Plan for Promoting High-Quality Development of Public Funds" marks a pivotal moment for the industry, emphasizing a return to investor-centric principles [4] - CICC Wealth believes that the buy-side advisory model can help mitigate short-term speculative behaviors in the market by collaborating with long-term capital sources [6] - The company is committed to building a sustainable industry ecosystem that meets the personalized wealth management needs of residents [6] Group 4: Future Directions - CICC Wealth plans to enhance its organizational structure to support personalized solutions for clients, integrating product development and financial technology [7] - The firm is establishing performance metrics that prioritize long-term asset retention over short-term trading, fostering a more stable investment environment [7] - The achievement of 100 billion yuan in assets is seen as both a milestone and a starting point for further growth in the buy-side advisory space [6][7]