Zheng Quan Ri Bao Wang·2025-11-26 12:52Core Viewpoint - The China Banking and Insurance Asset Management Association has been renamed and is now positioned to enhance self-regulation in the asset management industry, marking a new phase in the sector's development [2][3]. Group 1: Association's Renaming and Purpose - The association has officially changed its name from the China Insurance Asset Management Association to the China Banking and Insurance Asset Management Association, which now includes bank wealth management subsidiaries [2]. - This renaming is a significant step towards improving the self-regulatory framework of the asset management industry and promoting collaboration between different asset management institutions [2]. Group 2: Strategic Goals and Responsibilities - The association aims to implement the spirit of the 20th National Congress of the Communist Party of China, focusing on political and public interests while aligning with national strategic tasks [2]. - Key objectives include constructing a new wealth management framework, fostering innovation, and ensuring robust development to support the construction of a financial powerhouse [2]. Group 3: Governance and Operational Framework - The association will enhance its political awareness and responsibility, strengthen regulatory compliance, and improve member services [2][3]. - The fourth council meeting approved several reports and management guidelines, including the work reports of the third council and supervisory board, as well as membership and fee management regulations [3].