中国基金报·2025-08-07 12:03Core Viewpoint - The article highlights the significant achievements of China Merchants Bank (CMB) in wealth management, emphasizing its retail assets under management (AUM) surpassing 16 trillion yuan and its insurance distribution scale exceeding 1 trillion yuan, while discussing the trends and future directions of the wealth management industry in China [2][5][4]. Group 1: Key Achievements - CMB's retail AUM has exceeded 16 trillion yuan, with total asset custody surpassing 24 trillion yuan and asset management nearing 4.5 trillion yuan [4]. - The bank serves over 200 million individual customers, showcasing its extensive reach and service capabilities [4]. - CMB's retail insurance distribution has crossed the 1 trillion yuan mark, indicating a strong position in the insurance market [5]. Group 2: Industry Trends - The wealth management industry in China is experiencing significant growth potential, with the asset management scale accounting for 17.4% of the global market and expected annual growth of 8-10% [8]. - The transition to a low-interest-rate environment poses challenges and opportunities for wealth management institutions, necessitating a focus on creating low-risk, stable-return products [8]. - Customer demand is evolving towards a more comprehensive and global approach, requiring wealth management firms to enhance their service capabilities [8]. Group 3: Development Initiatives - CMB emphasizes the need for transformation in wealth management, advocating for a shift from local competition to international development and from scale-oriented to investor-centric approaches [9]. - The integration of AI technology is seen as a transformative force in wealth management, reshaping service methods, operational models, and product offerings [9]. - CMB is committed to high-quality development in wealth management, focusing on long-term effectiveness, balanced business structure, improved customer experience, and efficient technological support [10][11][12]. Group 4: Strategic Proposals - CMB proposes five initiatives for the future of wealth management, including becoming builders of a financial powerhouse, creators of long-term value, service providers for global asset allocation, pioneers in AI and finance, and practitioners of market norms [14][15].