Xu Haining, vice president of orient securities and general manager of wealth management business headquarters, believes that with the development of the securities market and the continuous emergence of investment opportunities, China has ushered in a "high-light era" in the wealth management industry. Xu Haining pointed out that on the one hand, with the development of economy and the increase of per capita disposable income, China society has accumulated a large number of wealth management target customers. On the other hand, with the decline of risk-free interest rate and the implementation of new asset management regulations, China residents will increase the allocation of financial assets, especially equity assets. Moreover, the capital market system in China is becoming more and more perfect, and the wealth management industry will accelerate its development with the help of many favorable factors.
Xu Haining further pointed out that 2022 is the first year after the transition period of the new asset management regulations, which puts forward higher requirements for asset managers' active management ability and professional judgment strength from the product supply side. For the wealth management side, it will pay more attention to professional service capabilities. Regarding how YEATION funds can better serve customers, Xu Haining shared that orient securities will comprehensively evaluate the fund managers, fund managers and fund products in YEATION through a three-level screening mechanism. "We hope to use ESG standards to identify fund managers, create long-term value for customers, strive to promote the healthy development of the whole industry, and form a virtuous circle of customers, funds, managers and the real economy." Xu Haining stressed.
Looking forward to 2022, Yu Shao, chief economist of orient securities, believes that under the word "stability", fiscal policy and monetary policy are expected to be more active in 2022, and the overall macroeconomic operation can be expected. Du Meng, investment director of Shangtou Morgan Fund, also expressed optimism about the market in 2022. Du Meng pointed out that after nearly a year of adjustment, the valuation of most assets in the whole market has reached a relatively balanced or reasonable state. At the same time, we have confidence in the macroeconomic recovery in 2022, and the liquidity of the market will be relatively loose. As far as investment opportunities are concerned, Du Meng believes that the market opportunities in 2022 will be relatively balanced. Not only the long-term optimistic new energy and semiconductor industries, but also consumption and medicine have bargain-hunting opportunities this year. Even some traditional industries, such as building materials and light industry. If the economy starts to recover and rise, the cost performance is not bad, and it is also an opportunity that can be tapped from the bottom up.