Core Points - The China Insurance Asset Management Association has been renamed to the China Banking Insurance Asset Management Association, marking a significant step in the self-regulation of the asset management industry in China [2][3] - The association aims to enhance the self-regulatory management system of the wealth management industry and promote the collaborative development of banking and insurance asset management institutions [3] - The association will focus on self-discipline, rights protection, coordination, and service to its members, contributing to the high-quality development of the industry [3] Membership and Structure - The China Banking Insurance Asset Management Association has a total of 561 member units, covering all segments of the Chinese financial market [4] - Among the 32 banking wealth management subsidiaries in China, 30 have joined the association, with only two subsidiaries, Xinyin Wealth Management and Huihua Wealth Management, not yet members [4] - The membership includes 35 insurance asset management companies, public fund companies and their subsidiaries, securities companies and their subsidiaries, trust companies, futures companies and their subsidiaries, private fund companies, financial asset investment companies, fund sales institutions, exchanges, law firms, investment consulting firms, and technology enterprises [5]

Core Points - The China Insurance Asset Management Association has officially changed its name to the China Banking Insurance Asset Management Association, marking a significant step in the self-regulation of the asset management industry in China [1][2]. Group 1: Association's Name Change and Purpose - The name change aims to enhance the self-regulatory management system of the wealth management industry and promote the collaborative development of banking and insurance asset management institutions [2]. - The association will now fully incorporate banking wealth management subsidiaries, which is seen as a crucial support for the coordinated development of these two types of asset management institutions [2]. Group 2: Leadership and Governance - The fourth member representative conference elected Wang Yi as the president of the new association, with over 200 representatives from various financial institutions in attendance [1][7]. - The association's leadership emphasized the importance of political awareness, responsibility, and the need for improved governance structures to support industry development [2][3]. Group 3: Industry Statistics - As of June 2025, there are 32 banking wealth management companies and 35 insurance asset management companies in China, with a total banking wealth management scale of 32.13 trillion yuan as of the third quarter of 2025 [3]. - Insurance asset management companies managed a total of 33.3 trillion yuan as of the end of 2024 [3]. Group 4: New Logo and Branding - The association unveiled a new logo following its name change, with the English abbreviation updated to "BIAMAC" [4][6].

Core Viewpoint - The China Insurance Asset Management Association has officially changed its name to the China Banking Insurance Asset Management Association, marking a significant step in the self-regulation of the asset management industry in China [2]. Group 1: Association Name Change and Significance - The name change is a major initiative to enhance the self-regulatory management system of the wealth management industry and promote the collaborative development of banking and insurance asset management institutions [2]. - The association aims to align with the strategic tasks and major initiatives of the 14th Five-Year Plan, focusing on national strategies and wealth management [2]. Group 2: Industry Statistics - As of June 2025, there are 32 banking wealth management companies and 35 insurance asset management companies in China [3]. - The total size of the banking wealth management market reached 32.13 trillion yuan by the end of the third quarter of 2025, while insurance asset management companies managed funds totaling 33.3 trillion yuan by the end of 2024 [3]. Group 3: Governance and Leadership - The fourth council of the association was elected during the meeting, with Wang Yi becoming the president [7]. - The association will focus on self-discipline, rights protection, coordination, and service to enhance its role in the industry [3][7]. Group 4: New Logo and Branding - The association unveiled a new logo following its name change, with the English abbreviation updated to "BIAMAC" [4].

Core Points - The China Insurance Asset Management Association has officially changed its name to the China Banking and Insurance Asset Management Association, marking a significant step in the self-regulation of the asset management industry in China [2][3] Group 1: Name Change and Significance - The name change is seen as a major initiative to enhance the self-regulatory management system of the wealth management industry and to promote the collaborative development of banking and insurance asset management institutions [2] - This transition signifies a new phase in the self-regulation of China's asset management industry [2] Group 2: Strategic Focus and Goals - The banking and insurance asset management sector is urged to implement the spirit of the 20th Central Committee's Fourth Plenary Session, focusing on national strategies and the "14th Five-Year Plan" [2] - Emphasis is placed on building a new wealth management framework, deepening reform and innovation, and ensuring a robust safety net for sustainable development [2][3] Group 3: Membership and Structure - The association comprises various members, including 30 banking wealth management subsidiaries and 35 insurance asset management companies, among others [3][4] - The association is a national, industry-specific, non-profit social organization that operates under the guidance and supervision of the National Financial Supervision and Administration Bureau and the Ministry of Civil Affairs [3] Group 4: Future Directions - The association aims to enhance political awareness, responsibility, and governance structure while improving member services and maintaining market credibility [3][4] - The new leadership is committed to fulfilling the roles of self-regulation, rights protection, coordination, and service to contribute to the high-quality development of the industry [4]

Core Points - The China Banking and Insurance Asset Management Association has been renamed from the China Insurance Asset Management Association, marking a significant step in the self-regulation of the asset management industry in China [1][2] - The rebranding allows for the full inclusion of bank wealth management companies, which is expected to enhance the collaborative development of different asset management institutions [1][2] Group 1 - The association is a national, industry-specific, non-profit organization formed voluntarily by the banking and insurance asset management sectors, under the guidance and supervision of the National Financial Regulatory Administration and the Ministry of Civil Affairs [1] - The total number of wealth management companies in China has reached 32, including 6 state-owned banks, 12 joint-stock banks, 8 city commercial banks, 1 rural commercial bank, and 5 joint venture wealth management companies [2] - As of the end of the third quarter of 2025, the total number of existing products in the market is 43,900, an increase of 10.01% year-on-year, with a total scale of 32.13 trillion yuan, up 9.42% year-on-year [2] Group 2 - The number of existing products from wealth management companies is 30,600, with a total scale of 29.28 trillion yuan, reflecting a year-on-year increase of 15.26%, accounting for 91.13% of the entire market [2] - The association's new leadership aims to enhance its functions of self-discipline, rights protection, coordination, and service, contributing to the high-quality development of the industry [2]

Core Points - The China Banking and Insurance Asset Management Association has been renamed to include bank wealth management subsidiaries, marking a significant step in enhancing self-regulation within the asset management industry [1][2] - The association aims to strengthen its role in self-discipline, market order maintenance, and member support, reflecting a commitment to high-quality industry development [1][2] Group 1 - The renaming of the association is seen as a major initiative to promote the collaborative development of two types of asset management institutions [1] - The association's leadership emphasized the importance of political awareness and responsibility in enhancing regulatory compliance and member services [1] - The fourth council of the association was elected, with Wang Yi becoming the president and Huatai Asset Management Co., Ltd. elected as the supervisor unit [2]

Core 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].