China Securities Network News On July 7, Li Dongrong, president of China Internet Finance Association, said that the rapid development of modern financial technology provided new development opportunities and growth space for China's wealth management industry. However, it should also be objectively recognized that the ability of China's wealth management industry to use financial technology still needs to be improved, especially in the concept of business development. Some wealth management institutions urgently need to cultivate the thinking of digital transformation to meet the needs of customers in the digital age.

Li Dongrong made the above remarks at the 20 19 Qingdao China Fortune Forum. He quoted the 43rd Statistical Report on Internet Development in China issued by CNNIC. By the end of last year, the number of netizens who bought Internet wealth management products in China was 1.5 1 100 million, and the utilization rate of netizens was 18.3%. In the same period, the utilization rates of online payment and mobile phone online payment reached 72.5% and 765,438+0% respectively. Li Dongrong believes that from the market supply side, the gap is the direction and the gap is the space.

He proposed to actively and steadily promote the application of financial technology in the field of wealth management, encourage and support wealth management institutions such as banks, securities, insurance, funds and trust asset management to accelerate their own digital transformation, form a product service system with complete varieties, high degree of digitalization and orderly levels, make full use of the technology, channels and platforms of the Internet, especially the mobile Internet, and create a new wealth management model with online self-help, standardization, offline specialization, personalization and benign interaction between online and offline.

At the same time, relying on regulatory technology to effectively improve risk prevention and control capabilities. Li Dongrong believes that risk prevention is always the fundamental task of financial work. We should develop supervision technology with the times, consolidate the infrastructure of comprehensive data statistics and risk monitoring, and strive to improve the scientific and technological application level of macro-prudential supervision and micro-behavioral supervision. Conduct comprehensive, dynamic and penetrating supervision over all aspects of operation and management such as issuance, sales and investment redemption of wealth management products. In particular, identify the ultimate investor of the product upwards, identify the underlying assets of the product downwards, and truly realize the penetrating supervision of the wealth management business.