来源：美通社 Sun Life宣布任命Tom Murphy为Sun Life Asset Management总裁 公司将所有资产管理业务整合至同一业务板块 多伦多2025年10月9日 /美通社/ -- Sun Life今日宣布任命Tom Murphy为Sun Life Asset Management总裁， 以持续推动其全球资产管理业务的加速发展。 "作为一家全球领先的资产管理机构，Sun Life此次新任命及组织架构调整旨在将其所有资产管理业务整 合至同一业务板块。 Sun Life Asset Management还将进一步强化自身实力，以更好地推动资产管理与保 险业务之间的协同发展。"Sun Life总裁兼首席执行官Kevin Strain表示。 除了全球股票与固定收益解决方案提供商MFS以及全球另类资产与固定收益提供商SLC Management 外，Sun Life Asset Management还将纳入其在印度最大资产管理公司之一Aditya Birla Sun Life Asset Management的股份，以及目前隶属于Sun Life加拿大业务的养老金风险转移业务。 上述业务在2024 ...

Core Viewpoint - Oriental Asset has increased its stake in Shanghai Pudong Development Bank (SPDB) through the purchase of common shares and convertible bonds, which is expected to improve the financial statements of asset management companies (AMCs) [1][2][3] Group 1: Stake Increase Details - As of September 29, Oriental Asset holds 1.073 billion shares of SPDB, representing a 3.44% stake, and 8.6 million convertible bonds [2] - Oriental Asset was not among the top ten shareholders of SPDB as of the end of Q2, indicating a significant increase in holdings during Q3 [2] - The SPDB board has agreed to nominate Ji Hongmei, currently the Party Secretary of Oriental Asset's Shanghai branch, as a candidate for the bank's board [2] Group 2: Financial Reporting Benefits for AMCs - AMCs can improve their financial statements by investing in bank stocks, as they use the equity method for long-term investments in banks [3] - The ability to exert significant influence over the invested entity, such as appointing a director, allows AMCs to apply the equity method [3] - SPDB's current price-to-book ratio is 0.53, allowing AMCs to acquire bank equity at a cost below the fair value of identifiable net assets [3][4] Group 3: Convertible Bond Redemption Concerns - SPDB issued 50 billion yuan in convertible bonds in October 2019, maturing on October 27, 2025, with an outstanding balance of 24.572 billion yuan yet to be converted [5] - Successful conversion of the bonds would enhance the bank's core Tier 1 capital, while failure to convert would require repayment of principal and interest [5][6] - The market is closely watching whether Oriental Asset will replicate the "Everbright model" by increasing its stake in SPDB's convertible bonds to alleviate repayment pressure [6]

Core Insights - The asset management industry in China is crucial for connecting investors' wealth management needs with the financing demands of the real economy, with a total asset management scale projected to reach 165.45 trillion yuan by 2024, reflecting a compound annual growth rate of 7.45% since 2019 [1] Group 1: Industry Development - The asset management sector in Beijing serves as a national benchmark, with nearly 50 trillion yuan in managed assets, accounting for about 30% of the national total [2] - Beijing hosts over 3,300 asset management institutions, including a significant proportion of bank wealth management subsidiaries, insurance asset management firms, and public fund management companies [2] - The industry is recognized for its role in optimizing resource allocation, promoting technological innovation, and managing risk and returns [2] Group 2: Policy and Regulatory Support - The asset management industry is expected to enhance its capabilities to meet the financial needs of technology innovation enterprises, with a focus on providing comprehensive services [3] - The regulatory framework is being strengthened to support the development of a multi-layered asset management financial service system [3] Group 3: Investment Opportunities - Recent policies allow various funds, including public funds and bank wealth management, to participate as strategic investors in listed companies' private placements, broadening investment channels [4] - The first instance of bank wealth management funds directly participating in a listed company's private placement was reported, indicating a shift in investment strategies [4][5] Group 4: Product Development and Risk Management - The demand for long-term funding from technology innovation enterprises is driving the asset management industry towards high-quality development [7] - The asset management sector is encouraged to innovate product offerings, particularly in equity and mixed-asset products, while enhancing risk management capabilities [7][8] - The current asset management product landscape is heavily weighted towards fixed-income products, with equity products representing a small fraction of the total [7] Group 5: Challenges and Strategic Adjustments - The mismatch between the short-term nature of bank wealth management products and the longer lock-up periods of private placements presents challenges for asset managers [8] - Asset management firms are required to design long-term closed-end products and improve governance and digital transformation to enhance service quality [8]

资管行业连接广大投资者的财富管理需求与实体经济的融资需求，是我国现代金融体系的重要组成部 分。近期发布的《北京资产管理行业发展报告（2025）》（以下简称《报告》）显示，2024年我国资管 行业整体运行平稳，资产管理总规模达165.45万亿元，自2019年以来年均复合增长率保持7.45%，各细 分领域发展节奏不一，整体结构在调整中不断优化。 对于银行理财公司而言，通过参与定增可以扩大投资渠道，高质量地参与资本市场发展，提高资金使用 效率，为客户带来更大的收益空间。今年4月17日，上海外高桥集团股份有限公司公开披露了向特定对 象发行A股股票情况报告书，在报告书披露的共计11家发行对象中，出现了光大理财有限责任公司（以 下简称"光大理财"）的名字。这也成为我国首单银行理财资金直接参与投资上市公司定增项目。 对于全市场首单银行理财资金直接参与投资上市公司定增项目的推出，光大理财表示，公司将在有效管 控风险的基础上，逐步加大资本市场布局。已择机增配包括交易型开放式指数基金（ETF）在内的指数 化投资工具，并将加大对上市公司定增、可转债、可交债等工具品种的投资力度。参与外高桥再融资就 是其中之一。 光大理财相关业务负责 ...

Core Viewpoint - Oriental Asset has increased its stake in Shanghai Pudong Development Bank (SPDB) through the purchase of common shares and convertible bonds, which is expected to improve the financial statements of asset management companies (AMCs) [1][2][3] Group 1: Stake Increase Details - As of September 29, Oriental Asset holds 1.073 billion shares of SPDB, representing a 3.44% stake, and 8.6 million convertible bonds [2] - Oriental Asset was not among the top ten shareholders of SPDB at the end of Q2, indicating a significant increase in holdings during Q3 [2] - The SPDB board has agreed to nominate Ji Hongmei, currently the Party Secretary of Oriental Asset's Shanghai branch, as a candidate for the bank's board [2] Group 2: Financial Reporting Benefits for AMCs - AMCs can improve their financial statements by investing in bank stocks, as they use the equity method for long-term investments in banks [3] - The ability to exert significant influence over the invested bank, such as by appointing board members, allows AMCs to use the equity method for accounting [3] - SPDB's current price-to-book ratio is 0.53, allowing AMCs to acquire bank equity below the fair value of identifiable net assets, which can enhance their operating income [3][4] Group 3: Convertible Bond Redemption Concerns - SPDB's convertible bonds, issued in October 2019, amount to 50 billion yuan, with a maturity date of October 27, 2025, and an outstanding balance of 24.572 billion yuan yet to be converted [5] - Successful conversion of these bonds would supplement the bank's core Tier 1 capital, while failure to convert would require repayment of principal and interest to bondholders [5][6] Group 4: Potential for "Everbright Model" Replication - The "Everbright Model" refers to the significant increase in holdings of Everbright Bank's convertible bonds by China Huarong (now known as CITIC Financial Asset), which alleviated repayment pressure [6] - If Oriental Asset continues to increase its holdings in SPDB's convertible bonds and converts them, it could similarly relieve repayment pressure and positively impact SPDB's core Tier 1 capital [6]

Core Insights - The demand for safe-haven metals is shifting from gold to silver and other precious metals amid increasing political and economic uncertainties, with gold prices surpassing $4000 per ounce and silver reaching $50 for the first time [1][2]. Group 1: Precious Metals Performance - Silver has outperformed gold, achieving its highest annual increase since 1979 and the best performance relative to gold in 15 years, with a year-to-date increase of 67.55% compared to gold's 54.13% [2]. - Palladium prices surged nearly 10% to over $1482, marking the largest single-day increase since May 2023, with a monthly increase exceeding 20% [3]. Group 2: Market Drivers - The strong performance of precious metals is driven by a combination of geopolitical tensions, concerns over the strength of the dollar, inflation pressures, and weak economic growth in Europe [3]. - Central banks have been significant buyers of gold, with global purchases exceeding 1000 tons annually since 2022, and an expected 900 tons in 2023, double the average from 2016 to 2021 [4]. Group 3: Future Outlook - Goldman Sachs has raised its gold price forecast for December 2026 to $4900 per ounce, indicating a potential 23% upside for investors [5]. - Analysts predict that the current bull market for precious metals could continue until 2026, supported by expectations of interest rate cuts and a weaker dollar [3][5].

Group 1 - Investors are reassessing the balance between "safety" and "growth" amid market volatility and policy uncertainty, with gold's safe-haven logic being reinforced and AI reshaping valuation systems [3][4] - Rich Nuzum from Franklin Templeton emphasizes a long-term bullish outlook on China, noting that Western clean energy investments are losing value compared to potential collaborations with Chinese companies [3][12] - The potential impact of a U.S. government shutdown is highlighted, with Nuzum stating that a shutdown lasting over two weeks could affect the economy, and over six weeks could lead to severe consequences [3][8][9] Group 2 - Nuzum advocates for the revival of U.S.-China cooperation in venture capital and research, arguing that the weakening of these ties over the past five years has been detrimental [4][12] - The discussion on gold as a hedge asset reveals that while it is used by clients, its actual returns are close to zero, and it serves as a tool against inflation and government debt monetization risks [6][10] - Nuzum expresses a strong belief in emerging markets, particularly China, stating that AI and digitalization are lowering barriers to entry and that global indices should reflect China's significant economic weight [12]

Core Insights - A recent survey by Deutsche Bank Research indicates that nearly one-fifth of Generation Z workers are concerned that artificial intelligence (AI) will take their jobs within the next two years, highlighting a significant generational divide in job security anxiety [2][3] - The survey, conducted across six countries, found that 24% of respondents aged 18-34 rated their job loss concerns at 8 or above on a scale of 0-10, compared to only 10% of those aged 55 and above [2][3] - The overall concern about job loss due to AI increases from 18% for the next two years to 22% when considering a five-year timeline, indicating a growing perception of AI as a long-term threat to job security [2][3] Generational and Regional Differences - The survey results reveal generational and regional disparities in AI application and trust, reflecting a strong demand for AI training and self-improvement among workers [3] - Younger individuals feel a higher risk of job loss due to AI, particularly in sectors like software engineering and customer service, where entry-level job openings have sharply decreased [3][4] - In contrast, only 10% of respondents aged 55 and above believe AI will significantly threaten their employment in the next two years, likely due to their experience and adaptability [4] Regional AI Usage and Employment Trends - The usage rate of AI in the workplace is higher in the U.S. (56%) compared to Europe (average of 52%), with notable differences in AI application across countries [5] - The youth unemployment rate in the U.S. has surged, contrasting with declining rates in the Eurozone and the UK, suggesting that the impact of AI on youth employment may not be uniform globally [5] - The analysis indicates that the U.S. labor market is characterized by low turnover rates, which have increased the time it takes for young job seekers to find new employment [5] Training and Trust Issues - The research highlights a lack of adequate corporate training, with only about 25% of respondents in Europe and nearly one-third in the U.S. having received AI-related training [6] - There is a trend of self-directed learning among employees to bridge skill gaps, although trust in AI remains low, with about one-third of frequent users expressing skepticism about AI-generated information, especially in sensitive areas like healthcare and personal finance [7]

北京商报讯(记者郝彦)10月9日，广东证监局发布公告表示，珠海横琴观致资产管理有限公司(以下简 称"横琴观致资管")存在以下违规情形：未对珠海横琴观致精选10号私募证券投资基金等4只私募基金产 品履行主动管理职责，将该4只产品开立的证券账户及密码交由他人管理，并由他人行使交易职责。未 自行或委托第三方机构对所管理的私募基金产品进行风险评级。未在内部制度中明确投资者与产品适当 性匹配的具体依据、方法、流程。综上，横琴观致资管被监管责令改正。 广东证监局指出，孟庆平作为横琴观致资管的执行董事、总经理，未能恪尽职守、严格遵守法律法规， 对公司上述违规行为负有主要责任，广东证监局决定对其采取出具警示函的行政监管措施。 ...

本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 【10月9日美国贝莱德比特币ETF资管规模超80万枚比特币】10月9日，美国贝莱德的比特币ETF资产管 理规模（AUM）已超800,000枚比特币。其价值约达1,000亿美元。 ...