Current situation and orientation of bank financing: After a long period of high-speed growth, the growth rate of bank financing began to slow down in 20 16, mainly due to the continuous strict supervision. The essence of bank wealth management deviating from asset management is that its expected income products are the main force, while net worth products are deserted; "Channel is king", and shadow banking prevails; The product is single and the risk level is not clear. Returning to the essence, we should develop net worth products and shrink expected income products; Rational allocation of wealth management funds to reduce maturity mismatch; Improve the investment and research team and enhance the ability of asset management.

Present situation and orientation of securities firms: There is still room for development in the scale and quantity of asset management products issued by securities firms in China. The essence of asset management deviation of securities firms is that the proportion of channel business is too large and the active management ability of securities firms is weak. To return to the essence, we must reduce the proportion of channel business and actively improve the active management ability.

Status and orientation of insurance asset management: 20 16-20 17. The insurance industry is developing well, the premium income keeps growing and the asset scale continues to expand. The asset management subsidiary of China Insurance Department operates healthily, with few elements deviating from the essence of asset management. In the future, insurance asset management should enrich insurance asset management products and develop active investment; Expand the third-party business and participate in the competition in the big asset management market; Increase alternative investment and realize diversified asset allocation; Steadily promote the competitive layout of global asset allocation.

Current situation and orientation of fund companies: At present, the characteristics of fund companies in China are obvious first-Mover advantage; Sales channels contribute a lot to the fund scale; Small and medium-sized fund companies have excellent returns; Large companies have high net profit, and equity funds contribute more to net profit. Because the original intention of fund companies is asset management, that is, value management and risk management, the development of fund industry has never deviated from the essence of asset management.

Current situation and orientation of trust asset management: In recent years, the management scale of China's trust industry in asset management industry is second only to bank wealth management, but it still faces the constant catch-up of funds, brokers and other institutions. Generally speaking, the asset management business in trust business is not divorced from the essence of asset management. In the future, trust asset management should appropriately shrink channel business and outsourcing business to reduce regulatory arbitrage; Change business strategy and improve active management ability; Strengthen self-discipline and risk management, and standardize business management.