中邮理财董事长吴姚东：银行理财竞争聚焦“真净值”与“真投研”

Core Viewpoint - The asset management industry has deeply integrated into the capital market, becoming a key driving force for its maturity, stability, and efficiency [3]. Group 1: Industry Trends - The banking wealth management sector is entering a new phase of leapfrog development characterized by simultaneous growth in scale and deepening of functions [3]. - The competition in the industry is shifting focus from channels and marketing to investment research capabilities, risk pricing, and asset acquisition [3]. - Multi-asset and multi-strategy approaches have become a consensus within the industry, with "+strategy" products growing by 73% last year, accounting for over 32% of total products [3]. Group 2: Role in Economic Support - Banking wealth management serves as a major force in credit bond investments and supports key sectors through innovative tools like Sci-Tech Innovation Bond ETFs and ABS [4]. - The sector is actively engaging in flexible equity investments, including direct stock investments, index ETFs, and REITs, while also supporting other asset management sub-industries through FOF and MOM collaborations [4]. - Since 2025, regulatory measures will facilitate the entry of banking wealth management into the market, allowing it to play a more significant role in capital market development [4]. Group 3: Strategic Focus - The company aims to fulfill its "political mission" by efficiently directing banking wealth management funds to the most vital and dynamic sectors of the national economy [5]. - It emphasizes the importance of protecting the interests of ordinary investors, ensuring that they can share in the growth of the Chinese economy [5]. - The company is committed to enhancing its investment research foundation and developing multi-asset strategies to provide stable returns for clients across economic cycles [5].