金融监管总局将坚决贯彻党中央国务院的决策部署，进一步拓展金融开放的广度和深度，为高质量发展注入更多的动力和活力。 科技方面，李云泽提出，当前中国在科技前沿领域不断突破，航空航天、量子科技、人工智能等创新成果层出不穷，成为全球最活跃的创新高 地之一。近年来，一些国际投资机构投资中国科创企业获得丰厚回报，越来越多的投资者日益看好中国科技发展潜力金融监管，总局正在大力 推进金融资产投资公司股权投资，对企业并购贷款等相关试点，不断探索科技金融发展的新路径。与此同时，科技也在赋能金融变革，中国数 字金融市场快速发展，规模稳居世界首位。"我们欢迎外资机构深度参与中国科技金融数字金融的实践，促进科技产业金融良性循环，低碳转 型需求旺盛，绿色金融动能强劲，中国坚定不移推进双碳目标，建成了全球最大最完整的新能源产业链。" 绿色金融方面，李云泽介绍道，目前中国绿色信贷规模全球第一，绿色债券、绿色保险市场规模居全球前列，预计2030年实现碳排放目标，资 金需求将超25万亿，绿色金融发展空间仍然十分广阔，近几年外资机构陆续将ESG评级体系，气候风险管理等工具引入中国，为中国绿色金融 发展提供了有益借鉴。我们支持外资机构广泛参与中国绿 ...

证券时报记者 程丹 孙璐璐 贺觉渊 6月18日，2025陆家嘴论坛开幕。 6月18日，金融监管总局局长李云泽在2025陆家嘴论坛上发表主题演讲。来看具体内容： 开放合作是中国金融改革发展的强大动力 李云泽表示，开放合作是金融发展的时代主题，当今世界"你中有我，我中有你"的格局更加凸显，只有开放合 作才能带来全球经济金融共同发展，开放合作是中国金融改革发展的强大动力。 支 持外资机构在理财投资、资产配置、保险规划等领域加大布局 外资机构是中国现代金融体系建设的重要参与者和积极贡献者 李云泽表示，目前，全球前50大银行有42家在华设有机构，40家最大的保险公司近半数已进入中国，八成全 国性银行通过引入境外战略投资者，有效提升了公司治理效能和经营管理水平。中、外资机构优势互补，竞合 发展，丰富了机构类型和产品服务，更好满足了多样化的金融需求。实践证明，外资机构是引资、引智、引技 的重要桥梁和纽带，是中国现代金融体系建设的重要参与者和积极贡献者。 经济全球化势不可挡 扩大金融开放势在必行 李云泽表示，当前跨境金融蓬勃发展，金融市场互联互通，放眼未来，经济全球化势不可挡，扩大金融开放势 在必行，各国应该顺应大势，共同维 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 智通财经6月18日讯（记者 王晨）"盛大的老朋友聚会啊！"面对即将召开的2025年智通财经第四届财富管理论坛，有券商财富管理人士如此赞叹。 是的，2025年智通财经第四届财富管理论坛已进入倒计时2天。 今年，智通财经再度携手华夏基金倾力打造2025年第四届财富管理论坛，以"望海笃行，财富致远"为主题，与行业掌舵者共探新形势下的发展路径。作为 论坛核心环节之一，今日正式解锁圆桌对话嘉宾阵容——由12位券商或财富管理业务掌舵者，围绕两大重磅议题展开思想碰撞。 从扬州到宁波，从苏州到珠海，智通财经与华夏基金连续携手打造财富管理交流平台，每一届都以强大的嘉宾阵容和前瞻议题设置引领行业风向，成为推 动财富管理大发展的重要力量。 今年珠海财富管理论坛，整体参会嘉宾近300位，与会高管近70位，超百位券商财富管理业务部门负责人及核心骨干出席，不仅仅因为强大的主讲与圆桌 嘉宾阵容，财富管理新老朋友的面对面交流，思想碰撞更是每届财富管理论坛的吸引所在。智通财经与华夏基金联手打造的财富管理论坛，已成为行业的 年度重磅盛会。 | | | ◆ 6月19日/星期 ...

Core Viewpoint - Recent personnel changes within the China Merchants Group's financial institutions, particularly in China Merchants Bank and its subsidiaries, indicate a strategic focus on revitalizing wealth management business and enhancing operational efficiency in response to market pressures [3][10][11]. Group 1: Personnel Changes and Their Implications - The appointment of Zhu Jiangtao as the president of China Merchants Securities reflects the bank's influence within the group and its ability to deploy talent across its subsidiaries [7][24]. - The restructuring includes significant roles shifting within China Merchants Bank, with Wang Xiaoqing becoming the executive director, emphasizing the importance of wealth management in the bank's strategy [2][11]. - The recent changes in leadership at China Merchants Fund and China Merchants Bank's wealth management division aim to address declining performance and enhance competitiveness against rivals like Ant Group [17][20]. Group 2: Wealth Management Challenges - China Merchants Bank's wealth management business has faced challenges, with a reported 22.70% decline in fees and commissions in 2024 compared to the previous year, highlighting the need for strategic adjustments [8][13]. - The bank's wealth management revenue as a percentage of total income has decreased from 10.8% in 2021 to 6.5% in 2024, indicating a significant impact from market conditions and competition [13]. - The competition with Ant Group has intensified, with Ant's assets under management in equity products surpassing those of China Merchants Bank by nearly 80% [9][12]. Group 3: Strategic Focus on Wealth Management - The new leadership under Wang Xiaoqing is expected to prioritize asset allocation and personalized client services to improve the wealth management experience [12][13]. - Despite recent setbacks, the bank remains committed to wealth management as a key growth area, with expectations of recovery in fee income as market conditions improve [13][14]. - The establishment of a dedicated retail customer group within the bank aims to enhance customer segmentation and operational efficiency, which is crucial for sustaining growth in wealth management [14][15]. Group 4: Fund Management and Future Directions - The new general manager of China Merchants Fund, Zhong Wenyue, faces the challenge of revitalizing the fund's performance, particularly in the ETF and equity segments, which have lagged behind competitors [20][21]. - The fund's management scale has remained relatively stable but has not seen significant growth, indicating a need for strategic initiatives to enhance its market position [18][20]. - The focus on solidifying the fund's strengths in fixed income while exploring growth opportunities in equity products will be critical for its future success [21][22].

Group 1 - Recent personnel changes at China Merchants Group's financial institutions, including the appointment of Zhu Jiangtao as president of China Merchants Securities [1][2] - Zhu Jiangtao's background includes significant experience in risk management and leadership roles within China Merchants Bank [6][26] - The restructuring reflects China Merchants Bank's strategy to enhance its wealth management business amid competitive pressures [4][12] Group 2 - China Merchants Bank's wealth management revenue has faced challenges, with a reported decline in fees and commissions by 22.70% year-on-year in 2024 [8][14] - The bank's wealth management strategy is under scrutiny, particularly in light of competition from Ant Group, which has significantly outperformed in fund management [10][11] - The appointment of Wang Xiaoqing as executive director indicates a continued focus on wealth management within the bank's strategic priorities [12][17] Group 3 - China Merchants Fund has experienced management changes, with new leadership aimed at revitalizing its performance in the competitive fund management landscape [18][24] - The fund's assets under management have stagnated, with a current non-monetary management scale of 550 billion yuan, ranking ninth in the industry [23] - The new general manager, Zhong Wenyue, faces challenges in enhancing the fund's equity product offerings and addressing the ETF market gap [20][25] Group 4 - China Merchants Securities remains a top player in the brokerage industry, ranking ninth with a revenue of 20.9 billion yuan in 2024 [26][27] - The firm has seen a decline in its investment banking revenue, which dropped by 34% year-on-year, indicating a need for strategic adjustments [27] - The integration of leadership from China Merchants Bank into China Merchants Securities aims to strengthen collaboration and enhance overall business performance [28][29]

Group 1 - The article promotes the benefits of becoming a wealth member, highlighting various rewards and discounts available through partnerships with platforms like JD.com [2][4][5] - Wealth members can receive exclusive coupons and discounts based on their financial asset levels, with specific thresholds set for different rewards [3][6][8] - The article emphasizes the importance of maintaining or increasing financial assets to unlock additional benefits and rewards throughout the year [9] Group 2 - Specific promotions include a low-priced JD PLUS membership for silver-level members and various cashback opportunities for higher-tier members [4][5] - The article outlines a structured reward system where members can earn up to 206 yuan in gifts upon reaching higher membership levels [8] - There are ongoing promotional events from February to July, ensuring that members' levels do not decrease, which encourages continued engagement and investment [9]

Core Insights - The establishment of real estate trust registration in Shanghai marks a significant advancement following Beijing's earlier initiatives, with both cities showcasing different practical applications in the sector [1][2] - The Shanghai pilot program highlights a comprehensive process involving various property types and purposes, emphasizing the inclusivity of real estate trusts in wealth management and social welfare [2][3] Group 1: Real Estate Trust Registration - Shanghai's real estate trust registration was initiated by multiple regulatory bodies, indicating a coordinated effort to enhance the financial landscape [1] - The pilot program in Shanghai has resulted in the registration of both residential and commercial properties, showcasing a diverse application of trust mechanisms [2][3] Group 2: Social and Economic Implications - Real estate trusts are emerging as innovative tools for wealth management and inheritance, particularly beneficial for elderly individuals seeking to maintain property rights while ensuring financial security [4] - The integration of real estate into trust structures reflects a broader trend of addressing comprehensive financial needs within families, including elder care and wealth transfer [3][4] Group 3: Industry Trends - The trust industry is expanding its focus beyond real estate to include management of liquid assets, responding to the increasing demand for comprehensive financial services among households [5][6] - As personal wealth accumulates, the demand for diversified wealth management solutions is expected to grow, shifting from high-yield aspirations to more holistic financial strategies [7]

Core Insights - NeuralFin has successfully completed a Series A funding round, raising several tens of millions of Hong Kong dollars, with investors including GPTX, C Capital, and Shuren Education [1] - The funding will be utilized for technology upgrades, continued development of AI functionalities, enhancement of community features, and team expansion [1] Investment and Partnerships - Prior to this round, NeuralFin had completed an angel round with investment from Qraft Technologies, a South Korea-based AI-driven investment management firm [1] - The investors in the current round bring significant resources and expertise, with GPTX focusing on traditional and virtual asset management, C Capital having a strong track record in various high-profile investments, and Shuren Education aiming to innovate in the education sector [1] Business Model and Vision - NeuralFin aims to democratize financial investment services, providing AI-driven solutions to ordinary users, allowing them to access professional financial services typically reserved for high-net-worth individuals [2][3] - The company is leveraging its parent company, Derlin Holdings, which has a diverse financial service portfolio, to create a comprehensive financial ecosystem [3] Technology and Services - NeuralFin is developing an AI-driven financial community that offers 24/7 asset allocation services and personalized wealth management solutions based on user preferences [3][4] - The AI Agent technology allows for proactive service, learning user preferences, and providing tailored recommendations and risk alerts [4] Differentiation in the Market - NeuralFin differentiates itself from existing financial community products by ensuring that only licensed financial professionals can publish content within its platform [6] - The company plans to enable direct trading on its platform, enhancing user experience by streamlining the investment process [6] User Acquisition Strategy - The company anticipates having over 100,000 users by the end of 2026, primarily targeting overseas and Hong Kong markets, with initial focus on Southeast Asia [6][7] - User acquisition will involve partnerships with established fund managers and influencers in the finance sector, as well as outreach to students studying in Hong Kong [7] Revenue Generation - NeuralFin's revenue model includes service fees from fund managers and potential subscription income as users develop a habit of engaging with the platform's content and services [7]

Core Insights - The approval of E Fund's wealth management subsidiary marks a significant development in the public fund industry, with several large fund companies establishing similar subsidiaries to enhance their wealth management capabilities [1][2][3] Group 1: Company Developments - E Fund has received approval from the China Securities Regulatory Commission (CSRC) to establish a wholly-owned subsidiary named E Fund Wealth Management Fund Sales (Guangzhou) Co., Ltd., with a registered capital of 100 million RMB [1][2] - Other major fund companies, including Huaxia Fund, Harvest Fund, and China Universal Fund, have also set up wealth management subsidiaries, indicating a trend in the industry [3][4] Group 2: Industry Trends - The establishment of wealth management subsidiaries is seen as a strategic move for fund companies to strengthen their marketing channels and enhance their product offerings from a buyer's perspective [1][2][4] - The wealth management subsidiary will focus on buy-side investment advisory services and aims to create a systematic, multi-layered, and intelligent advisory service system for clients [2][4] Group 3: Competitive Landscape - Wealth management subsidiaries are becoming a competitive focus for large fund companies, with different subsidiaries focusing on various business directions, such as fund sales and private asset management [2][3] - As of the end of 2024, several wealth management subsidiaries have entered the top ranks of fund sales, with notable assets under management reported for Harvest Wealth, Huaxia Wealth, and China Universal Wealth [3] Group 4: Strategic Advantages - Fund companies possess unique advantages in establishing wealth management subsidiaries, including strong research capabilities, market understanding, and sufficient capital to support long-term development [4][5] - The transition to wealth management allows fund companies to diversify their offerings beyond public funds, potentially increasing profitability and aligning with the evolving financial landscape [4][5]

Core Insights - The article highlights the importance of personalized financial services in addressing clients' health and retirement needs, showcasing a case where a bank's wealth manager provided tailored solutions for a cancer patient [1][2] Group 1: Client Needs and Solutions - The client, diagnosed with stomach cancer, required a flexible financial plan to manage medical expenses and ensure long-term cash flow for retirement [1] - The wealth manager proposed a customized asset allocation strategy, including 10% in liquid funds for immediate medical expenses, 80% in fixed deposits for stable returns, and 10% in insurance for long-term security [2] Group 2: Product Features and Benefits - The recommended product, 工银安盛盛世相守养老年金险, offers a dual benefit of medical and retirement support, including annual pension income and various health services such as outpatient appointments and home care [2] - The client expressed confidence in the bank's ability to manage both health and financial needs, emphasizing the importance of comprehensive care beyond mere asset growth [2] Group 3: Industry Implications - The case illustrates a shift in wealth management towards a more empathetic approach, focusing on individual life circumstances and health needs, which may provide a competitive edge in an aging society [2]