Core Insights - The wealth management industry is facing profound challenges due to a low interest rate environment, leading to a mismatch between client demand for low-volatility, stable products and the reality of reduced asset yields and increased volatility [1][2] - The industry consensus is that "fixed income + multi-asset multi-strategy" is the key solution to current challenges, allowing for diversified risk management and capturing yield opportunities in various market conditions [3] Industry Trends - Wealth management institutions are increasingly involved in the backend of investment, focusing on the development of investment strategies driven by client demand for low-risk, absolute return products [2] - There is a trend towards product customization and the creation of low-volatility products to meet client preferences, which also reduces sales difficulty and complaint rates [2] - Banks are accelerating the search for and allocation of low-volatility assets, increasing the proportion of deposits, interbank certificates of deposit, and structured bonds in their product mix [2] Strategic Solutions - The "fixed income + multi-asset multi-strategy" approach is recognized as essential for addressing the current low yield environment, enabling risk diversification and enhanced returns through optimized asset management [3] - Challenges in implementing this strategy include asset selection, defining specific investment strategies for each asset class, and effective asset allocation and rebalancing [3] Company Practices - The company has developed a diversified product system, with a product management scale exceeding 2.3 trillion yuan, positioning itself among the market leaders [4][5] - The company has established two professional teams for portfolio and strategy management, covering a wide range of strategies to create a clear risk-return gradient in its product matrix [5] - The company offers standardized investment advisory services that enhance client experience through various stages of product creation and management [5]

Core Insights - The wealth management industry is facing profound challenges due to a low interest rate environment, leading to a mismatch between client demand for low-volatility, stable products and the reality of reduced asset yields and increased volatility [1][2] - The industry consensus is that "fixed income + multi-asset multi-strategy" is a key solution to the current challenges, allowing for diversified risk management and capturing yield opportunities in various market conditions [3] Industry Trends - Wealth management institutions are increasingly moving towards the backend of investment, deeply engaging in the discussion and formulation of investment strategies due to the general underperformance of capital markets in recent years [2] - There is a trend towards productization of advisory services and customization of product structures, driven by client demand for low-risk, stable returns, which also reduces sales difficulty and complaint rates [2] Asset Management Strategies - Banks are accelerating the search and allocation of low-volatility assets, increasing the proportion of deposits, interbank certificates of deposit, and structured bonds in their product portfolios [2] - The industry is focusing on shorter-duration products, with a general trend towards lower volatility assets and a rise in the allocation of non-standardized debt [2] Company Practices - The company has built a diversified product system, achieving a product management scale of over 2.3 trillion yuan, positioning itself among the market leaders [4] - The company has developed a dual-driven growth model combining "multi-asset multi-strategy portfolio investment + investment advisory services," enhancing its investment research capabilities and client service experience [4] Market Overview - As of June 2025, the bank wealth management market has stabilized at over 30 trillion yuan, with a recorded scale of 30.67 trillion yuan, indicating significant growth potential [5] - The large asset management industry is at a new starting point for high-quality development, focusing on innovative multi-asset strategies and differentiated competitive barriers [5]