After a period of adjustment, the current asset management industry has gradually entered a high-quality development stage. The current asset management products are generally strong. According to the statistics of asset management business in 2020 released by China Fund Industry Association recently, by the end of last year, the total scale of asset management business of fund companies and their subsidiaries, securities companies, futures companies and private fund management institutions reached about 58.99 trillion yuan, an increase of 6.76 trillion yuan compared with 52.23 trillion yuan at the end of 20 19, with an increase of about 13%. Benefiting from market conditions, the scale of Public Offering of Fund increased the most, reaching 19.89 trillion yuan, accounting for 33.72%; Secondly, the scale of private equity funds is 16.96 trillion yuan, accounting for 28.75%.

The People's Bank of China, together with the National Development and Reform Commission, the Ministry of Finance, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the foreign exchange bureau and other departments, extended the transition period of the new asset management regulations to 20021the end of the year. The transformation of the asset management industry has entered a new turning point, especially in Public Offering of Fund, which is increasingly popular, and needs to continuously strengthen its own capacity building.

Guotai Yuanxin Assets believes that just as China's economy is in a painful period of transforming old and new kinetic energy, the main problems faced by the fund asset management industry are: First, the changes in the national financial policy and regulatory environment need to be adapted and digested by the industry; Second, the change of the industry ecological environment, the conversion of the company's business model needs time to run in and precipitate; Third, the transformation of old and new business models, corporate governance structure, institutional processes, and professional teams also need time to adjust and forge. Summarize Guotai Yuanxin's point of view: in the future, the fund asset management industry will eventually turn to connotative development, mainly through in-depth internal reforms to stimulate vitality, enhance strength, improve competitiveness, and achieve substantial leap-forward development in the process of quantitative change to qualitative change.