On April 27, 2018, the official document on the new asset management regulations, which has been discussed for a long time in the market, was released. "New Asset Management Regulations": Asset management business refers to financial institutions such as banks, trusts, securities, funds, futures, insurance asset management institutions, and financial asset investment companies that accept the entrustment of investors to invest and manage the entrusted investor's property. financial services. Financial institutions perform their obligations of good faith and diligence for the benefit of the client and charge corresponding management fees. The client bears the investment risks and obtains returns. Financial institutions can agree in advance with the client to charge reasonable performance remuneration in the contract. Performance remuneration will be included in the management fee and must correspond to the products one by one and be settled one by one. Different products may not be used in conjunction with each other. Asset management business is an off-balance sheet business of financial institutions, and financial institutions are not allowed to promise to guarantee principal and return when conducting asset management business. When payment difficulties arise, financial institutions are not allowed to advance funds for payment in any form. Financial institutions are not allowed to carry out asset management business on the balance sheet.