Core Points - The China Insurance Asset Management Association has been renamed to include "Bank," indicating the full inclusion of bank wealth management companies [1][2][6] - The association now has 30 bank wealth management companies as members, with only two companies yet to join [1][6] - The new name reflects the establishment of a self-regulatory organization for the bank wealth management industry [1][4] Group 1: Association Changes - The association's name change signifies a major shift in its future development direction [2] - The association is a national, industry-specific, non-profit organization that operates under the guidance of the National Financial Supervision Administration and the Ministry of Civil Affairs [4] - A member meeting was held in August where the name change proposal was approved [6] Group 2: Membership and Training - As of now, 30 out of 32 bank wealth management companies have joined the association [6] - The association has conducted training sessions for bank wealth management companies, enhancing their operational capabilities [6] Group 3: Wealth Management Market Overview - The total scale of bank wealth management products has exceeded 32 trillion yuan, with wealth management companies generating 150.9 billion yuan in returns for investors [7][9] - As of the third quarter, the number of wealth management products in the market reached 43,900, with a year-on-year increase of 10.01% [7] - The proportion of wealth management products managed by wealth management companies is 91.13%, with a significant year-on-year growth of 15.26% [7] Group 4: Insurance Asset Management Industry - The insurance asset management industry has 34 companies managing a total of 33.3 trillion yuan, reflecting a year-on-year growth of 10.6% [10][12] - The majority of managed assets are from insurance funds, accounting for 70.56% of the total [12] - The revenue of these companies reached 31.83 billion yuan, with a year-on-year growth rate of 7.31% [12]