Research On Risk Management Of Net Worth Financial Management Project Under The New Asset Management Regulations

With the rapid development of the asset management industry,it not only provides strong support for improving the social financing structure and meeting the investment and financing needs of residents and enterprises,but also brings a series of new challenges,such as rigid cashing,capital pool manipulation,channel business,etc.In order to standardize the industry,the People’s Bank of China,the China Banking and Insurance Regulatory Commission,the China Securities Regulatory Commission and the SAFE jointly issued the Guiding Opinions on Regulating the Asset Management Business of Financial Institutions.In the past four years,the new asset management rules have brought about great changes to the domestic wealth management market and the asset management industry,especially the banking wealth management market,which is the largest in the capital management market,has undergone a complete reshaping.The formal implementation of the new capital management regulation means the era of comprehensive net worth.The bank wealth management project,with a market value of 30 trillion yuan,is the most important part.In this context,it is extremely urgent to enhance the risk management,as well the prevention and control construction of the Net Value Financial Management Project.The transformation of net worth financial management projects makes the regulatory policies,economic environment and the main issue changing.Therefore,it is of great practical significance to construct a reasonable risk evaluation system of net-value financial management projects.HY Financial Management Company is a subsidiary of City Commercial Bank which has been approved and opened earlier after the new financial management regulations.This paper takes AY financial management company of HY as the research object,regards the whole process of this financial management product from development to operation as a project,and proceeds from the angle of project risk management,conduct risk management research on the financial management project according to the process of risk identification,risk assessment and risk response.First of all,according to the theory of project life cycle management,the paper identifies the risk of AY net value financial management project.The article divides the financial management project into three stages,and then identifies the risk factors in each stage according to the characteristics of each stage.Then,using interviews and questionnaires,experts from wealth management companies and commercial banks were invited to rate the identified risk factors and use AHP to calculate the weights of each risk factor,identify High,medium,and low risk factors.Then through the fuzzy comprehensive evaluation method,judge the current AY net worth financial project in the risk level.On this basis,according to the impact of different risk factors and risk management level,the corresponding risk management strategy and measures.At present,although the net-worth financial products have become the mainstream form of the market,but the general issue time is short,lack of management experience.The research results of this paper can provide useful reference for the net worth financial management projects that have completed or are preparing for the transformation.Based on the actual situation of the financial management company,it is of great significance to establish the risk evaluation system from the perspective of project risk management rather than the traditional financial management products.