| Assets management business refers to financial services provided by banks,trusts,funds,securities,insurances,futures and other financial institutions.Investors entrust these institutions and pay a certain fee.Bank asset management business mainly refers to commercial banks' financial management services on behalf of clients through wealth management products,providing agency investment management and value-added services.Along with the rapid development of China's asset management industry,the asset management business has met the investing and financing demands of investors and helped improving the social financing structure.But at the same time,The risks brought by the lack of some business standardization,rigid payment,multi-layer nesting,circumvention of supervision and other issues have been constantly exposed.In 2018,the China Banking Regulatory Commission officially issued the "Guidance on Standardizing Asset Management Business of Financial Institutions"(hereinafter referred to as "the New Guidance")and a series of supporting rules to regulate market behavior.How to carry out the asset management business legally and compliantly under the background of the strict supervision policy is an important and urgent issue for financial institutions.This paper takes the bank asset management business as the cut-in,mainly because bank wealth management has an absolute dominant position in the entire asset management industry and is more representative.The emphasis is put on the asset side of the bank's wealth management business,for its complex business mode and hidden risks,which has more research significance.This paper aims to analyze the risks existing in the current bank wealth management business by taking Bank A as an example(Bank A is a provincial branch of a large state-owned commercial bank),and put forward relevant solutions in combination with the existing risks,in order to provide reference for the development of commercial bank asset management business. |
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