At the upcoming 14th Lujiazui Forum, new trends in the development of the global asset management industry will be discussed. At present, what progress has Shanghai made in promoting the construction of a global asset management center? What are your plans for the future? On May 31, at the press conference of the municipal government, Ge Ping, deputy director of the Shanghai Local Financial Supervision and Administration Bureau, said that at present, Shanghai’s asset management development has made initial progress, and the scale of various asset management accounts for about a quarter of the country’s total. In the future, the construction of Shanghai Global Asset Management Center will be accelerated from four aspects.
According to his introduction, at present, Shanghai's various asset management scale accounts for about a quarter of the country's total, of which public funds and insurance asset management account for one-third of the country's total, and equity funds in particular account for nearly one-half of the country's total. , the scale of private equity fund management ranks first in the country.
Up to now, more than 80 internationally renowned asset management institutions have participated in the Shanghai QFLP pilot, and nearly 60 have participated in the QDLP pilot. Of the 38 foreign-funded private equity investment fund managers (WFOE PFMs) registered with the Asset Management Association of China, 32 have settled in Shanghai. Seventeen of the world's top 20 asset management institutions have established entities and started business in Shanghai, and a series of "first" and "first batch" foreign-funded financial institutions in the asset management field have successively settled in Shanghai, such as the country's first wholly foreign-owned public offering fund— —BlackRock, the first public offering fund that has changed from a joint venture to a wholly foreign-owned fund—China International Investment Morgan, etc.
In the future, Shanghai will focus on accelerating the construction of a global asset management center from four aspects. In terms of expanding high-level financial opening-up, promote international cooperation in the Shanghai financial market, continuously innovate products, unblock asset management investment channels, and provide more diversified transaction services and risk hedging tools for the asset management industry; in improving diversified asset management In terms of institutional system, support qualified foreign capital to establish wholly-owned or joint-venture securities, funds, pension management and other institutions in Shanghai, jointly establish wealth management companies, and continue to deepen the pilot program of QFLP and QDLP; in terms of innovative asset management products and services, enrich fixed-income products categories, increase the issuance of equity products, promote investment in green fields, and deepen the digital application of the asset management industry; finally, the communication platform function of the Shanghai Asset Management Association will be fully utilized to promote the formation of a symbiotic and co-prosperous environment for the asset management industry. Good ecology. Strive to build Shanghai into a comprehensive and open asset management center with a high degree of concentration of institutions, products, funds, technology, talents and other elements in the field of asset management by 2025, and a relatively complete ecosystem. It is an important hub of asset management and ranks among the top cities in global asset management centers.
