西南财经大学教授蔡栋梁：“产品透明度”是大众对财富管理市场的第一需求

Core Insights - The central viewpoint emphasizes the importance of wealth management in supporting the real economy and achieving high-quality financial development in China, as outlined in the recent Central Financial Work Conference [1]. Wealth Management Market Development - The Chinese wealth management market is transitioning from a phase of rapid growth to one focused on high-quality development, with competition shifting from product quantity to long-term customer value realization [3][4]. - The market has seen significant changes, including a decline in interest rates and a diversification of residents' financial asset demands, indicating a shift from "incremental drive" to "stock optimization" [3][4]. Customer Demands and Transparency - There is a growing demand for product transparency among customers, who now seek detailed information about investment logic, underlying assets, risk distribution, and fee structures [2][3][4]. - Wealth management institutions are encouraged to enhance their disclosure methods from static to dynamic, focusing on process transparency rather than just results [2][5]. Technological Integration and Future Trends - The integration of AI and data capabilities is seen as crucial for the future of wealth management, shifting the focus from product-centric to customer goal-centric approaches [6][9]. - Institutions are expected to develop comprehensive research and investment capabilities, along with a deep understanding of customer needs through data-driven insights [6][9]. Green Finance and Risk Management - The concept of "green finance" is highlighted, with a focus on using financial technology to create quantifiable and verifiable systems for assessing green investments, thereby mitigating "greenwashing" risks [9][10]. - A dual scoring system for evaluating green projects is proposed, combining commercial viability and emission reduction effectiveness [10][12]. Investment Opportunities and Strategies - The wealth management market is projected to evolve towards net value-based products, with opportunities arising from lower interest rates and new themes in green and technology investments [14][15]. - Investment strategies should focus on stable cash flow and long-term growth, utilizing a "core + satellite" approach to asset allocation [16].