新华财经上海10月23日电（记者魏雨田）10月23日，在2025外滩年会阿里云专场上，摩根资产管理首席 信息官贾建国表示，在资管行业中，无论是资金端的资源整合还是资产端的专业赋能，都迫切需要先进 技术的助力。在资金端，需高效吸纳各类渠道的资金；在资产端，则要为资产管理专家、研究员、风控 专家等投资全流程关键角色提供全方位支持。 关于AI在摩根基金内部的落地情况，贾建国介绍，相关部署工作已持续较长时间，当前重点仍聚焦于 主业场景。具体来看，AI技术正深度渗透研究、投资、风控、交易、运营等核心业务环节，通过为各 领域投资专家提供更深刻的行业洞察、更精准的信息分析以及更敏捷的市场反应能力，全面提升机构在 投资端的综合赋能水平。 （文章来源：新华财经） 谈及AI技术对资管行业的影响时，贾建国表示，本轮AI发展的核心价值在于对资管机构的赋能升级。 面对行业人员有限的现状，AI技术能够推动机构生产力实现指数级提升，达成"以一当十、以一当百"的 效能突破。尤为关键的是，在信息收集、捕获与分析领域，专业资管机构必须通过AI技术构建更核心 的竞争优势，才能更好地服务广大投资人。 ...

Summary of the Conference Call Industry Overview - The conference call discusses the asset management industry in China, focusing on its overall situation, trends, and regulatory environment as of 2024 and projections for 2025. The estimated total asset management scale is approximately 159.78 trillion yuan, reflecting a year-on-year increase of about 13.27% [6][29][25]. Key Points and Arguments Asset Management Industry Growth - The asset management industry in China has shown robust growth, with various segments experiencing different rates of expansion. The public fund sector leads with a total net value of 32.83 trillion yuan, up 18.93% from the previous year [10][29]. - The bank wealth management products reached a scale of 29.95 trillion yuan, increasing by 11.75% [28][29]. - Trust assets grew to 29.56 trillion yuan, marking a 23.58% increase, while private equity funds saw a slight decline to 19.93 trillion yuan, down 1.92% [28][29]. Regulatory Environment - The regulatory framework for the asset management industry emphasizes risk prevention, standardization, and transformation towards high-quality development. Key policies include the promotion of personal pension systems and the establishment of a comprehensive regulatory framework for private equity funds [7][9][10]. - The "9.24" policy supports stock repurchases and enhances the capital-asset cycle, indicating a shift towards a more supportive regulatory environment for asset management [7]. Trends in Specific Sectors - **Bank Wealth Management**: The market is expected to expand steadily, with a shift towards fixed-income products as cash management products decline [8]. - **Trust Industry**: The trust sector is undergoing a transformation, with a focus on risk management and asset quality improvement. New trust products are primarily asset service trusts [9]. - **Public Funds**: The public fund sector is witnessing a trend towards passive investment strategies, with the number of funds reaching a historical high of 12,367 [10]. - **Insurance Asset Management**: The insurance asset management sector is stable, with a focus on long-term investments and a gradual increase in external funding sources [11]. - **Securities Firms**: The securities asset management sector is stabilizing, with a slight recovery in net income and a focus on public fund qualifications [12]. Investment Performance - The average performance benchmark for newly issued wealth management products has declined from 3.32% in January 2024 to 2.70% by December 2024, indicating a challenging environment for fixed-income products [33]. - Conversely, equity-related wealth management products have seen an increase in performance benchmarks, reflecting a recovery in the stock market [33]. AI Integration - The integration of AI in asset management is gaining attention, with potential applications in investment advisory and operational efficiency. However, there are concerns regarding risks associated with AI, including cybersecurity and data quality [14]. Additional Important Insights - The asset management industry is transitioning from a focus on scale to quality, with an emphasis on optimizing product strategies and enhancing operational efficiency [13][24]. - The overall market dynamics indicate a growing demand for diversified investment products as consumer preferences evolve in response to changing economic conditions [27][29]. This summary encapsulates the key insights from the conference call, highlighting the current state and future outlook of the asset management industry in China.

Core Viewpoint - The asset management industry in China is transitioning towards high-quality development amidst low interest rates and stringent regulations, with a focus on shifting from "scale-driven" to "quality-led" growth [1] Group 1: Current Industry Landscape - As of the end of 2024, the total scale of China's asset management industry is expected to exceed 140 trillion yuan, becoming a significant force in wealth management and capital market resource allocation [1] - The industry faces both transformation pressures and opportunities, necessitating a profound shift in operational strategies [1] Group 2: Key Insights from Industry Leaders - The high-quality development of asset management institutions should focus on enhancing investment research capabilities and optimizing product offerings to meet diverse client needs [2][3] - The public fund industry has seen significant growth over the past 20 years, driven by high-level opening-up policies, which should continue to be pursued for further development [3][4] - Private equity firms must emphasize compliance and innovation to enhance their risk management capabilities and competitive edge [4] Group 3: Market Trends and Client Preferences - There is a notable shift in residents' asset allocation preferences, with a polarization in risk appetite: some investors are seeking safety while others are more willing to take risks due to policy influences [3][16] - The market is experiencing a structural challenge where quality assets are becoming increasingly scarce despite ample liquidity [3][16] Group 4: Strategies for High-Quality Development - Asset management institutions should prioritize value creation for clients, focusing on effective investment strategies and robust research capabilities [8][12] - Embracing digital transformation and integrating AI into investment processes are essential for enhancing operational efficiency and client service [12][35] - The development of diversified product lines that cater to varying risk appetites is crucial for meeting evolving client demands [18] Group 5: Regulatory and Policy Recommendations - There is a call for unified standards in performance benchmarks for financial products to foster a sustainable investment environment [30] - Continued support for international cooperation and knowledge exchange is vital for cultivating competitive asset management institutions [32][19]