Core Viewpoint - The China Banking and Insurance Asset Management Association has been renamed to better integrate banking and insurance asset management sectors, marking a significant step in self-regulation and collaboration within the asset management industry in China [1][2]. Group 1: Association's Renaming and Objectives - The association's renaming to the China Banking and Insurance Asset Management Association aims to enhance self-regulation and promote collaboration between banking and insurance asset management institutions [1]. - The event was attended by over 200 representatives from various financial institutions, highlighting the importance of this transition for the industry [1]. Group 2: Strategic Focus and Development Goals - The association is urged to align with the strategic tasks of the 14th Five-Year Plan, focusing on national strategies and enhancing wealth management frameworks [2]. - Emphasis is placed on deepening reforms and innovations to stimulate new growth drivers within the banking and insurance asset management sectors [2]. Group 3: Governance and Operational Enhancements - The association is committed to strengthening political awareness, governance structures, and self-regulation to support industry stability and growth [2]. - The fourth council meeting approved various reports and elected new leadership, including Wang Yi as the president of the fourth council [3].