Beijing Asset Management Association was officially listed, and Liu Donghai, the first chairman of the aircraft carrier-level national team

Beijing Asset Management Association was officially listed, and Liu Donghai, the first chairman of the aircraft carrier-level “national team”
On April 18th, the reporter learned from the Beijing Financial Supervision Bureau that the “Beijing Asset Management Association” initiated by the heavyweight asset management institutions such as the consolidated financial management subsidiary of the bank was officially established.The meeting elected the first council of the association, the board of supervisors.Liu Donghai, Chairman of Bank of China Wealth Management, was elected as the first president.The first 60 founding members of the Beijing Asset Management Association span across banks, securities, insurance, funds, trusts and other industries, covering the most important internal equity capital management institutions. Member units have assets under management of billions of dollars.At present, it is the first “large asset management” industry self-regulatory organization with the largest scale of assets under management, the strongest comprehensive strength, and the widest coverage.It is understood that members of the Beijing Asset Management Association have characteristics.Including dozens of domestic rectangular institutions such as Industrial, Agricultural, China, Construction, Post and other 11 bank wealth management subsidiaries, China Life Asset Management, China People’s Insurance Asset Management, Taikang Asset Management, CITIC Securities, CICC, CITIC Construction Investment, etc.It also includes international well-known institutions such as Oriental Consortium and Oak Capital.Yin Yong, deputy mayor of the Standing Committee of the Beijing Municipal Party Committee, attended today’s meeting and delivered a speech.Congress, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and other national financial management departments and relevant persons in charge of their offices in Beijing also attended the meeting.Yin Yong pointed out that Beijing is the national financial management center. According to the data of the fourth national economic census just released, as of 2018, Beijing’s financial assets totaled 148 trillion, accounting for half of the country.Beijing has unique advantages in developing the asset management industry in many aspects such as regulatory policies, headquarters economy, opening to the outside world, asset allocation, and business environment.The establishment of the Beijing Asset Management Association has played an important role in promoting the development of the capital ‘s asset management industry, maintaining the national financial security and stability, promoting the international opening up and cooperative development of the Chinese financial industry, and forming a new advantage in China ‘s financial development.In the future, under the guidance and support of the national financial management department, Beijing will actively undertake the task of piloting and piloting the national financial reform and opening up, continue to build an international first-class business environment, and promote Beijing ‘s asset management industry to become bigger and stronger.The relevant person in charge of the national financial management department congratulated the establishment of the Beijing Asset Management Association and said that the establishment of the Beijing Asset Management Association is an important achievement of Beijing ‘s financial reform and development, which is conducive to providing a research exchange platform and communication coordination for the development of the asset management industry.The system plays an irreplaceable and important role in promoting the capital management industry to serve the real economy, preventing and controlling financial risks, and regulating development.It is hoped that the association will fully rely on Beijing’s advantages in the financial policy environment, financial institutions, and financial talents to contribute to the transformation and development of the capital management industry.In fact, the establishment of the Beijing Asset Management Association is of great significance to the previous opening of the financial industry.Asset management is an area where the development of the global financial industry has accelerated in the past 20 years, and the total market size has reached nearly US $ 100 billion.Internationally, “asset management” is usually regarded as an independent type of financial license.Relatively speaking, with the gradual reorganization of the financial industry, the pace of opening up to the outside world and the innovation and development of the asset management industry are gradually opening up the fields of banking, financial management, insurance asset management, and funds.Among the 11 opening measures announced by the Finance Committee of the State Council in 2019, more than half are directly related to the opening of the asset management industry.Foreign asset management institutions can participate in financial asset management companies, wealth management companies, pension management, insurance asset management, public funds, private equity funds and other fields through equity participation, holding shares or sole proprietorship, and apply for various types of asset management from different regulatory agencies.Permits operate in groups under the large asset management pattern.It is reported that the establishment of the Beijing Asset Management Association will provide an exchange and docking platform for international asset management institutions to quickly become familiar with the Chinese market and conduct business, and will serve the establishment and development of domestic capital management institutions in Beijing.According to reporters, at the time of the current global epidemic, the attractiveness of China’s financial market to foreign countries has continued to increase.Many foreign financial institutions choose to set up asset management and related institutions in Beijing.In 2019, Goldman Sachs established Beijing Mosheng Asset Management Co., Ltd. in Beijing, and Oriental Huili established Fengyu Huili Investment Consulting (Beijing) Co., Ltd. in Beijing.Since the beginning of this year, during the epidemic, Oaktree Capital, a world-renowned investment institution, established OAKTREE (Beijing) Investment Management Co., Ltd. in Beijing. This is the first foreign investment law in China since January 1 this year.Financial institutions registered in English.On April 2, the UK ‘s largest life insurance company Prudential Group, a joint venture asset management company, landed in Beijing, becoming the first joint venture insurance asset management company to settle in Beijing this year.In addition, the application for the bank card clearing business license of Masterlink Information Technology (Beijing) Co., Ltd. has been approved.At the end of last month, Goldman Sachs was approved to increase the foreign shareholding of Goldman Sachs Gaohua from 33% to 51%; this week, Credit Suisse was approved to increase its shareholding in Credit Suisse Founder Securities to 51%.As of now, Beijing has UBS, Goldman Sachs, Credit Suisse, three foreign-controlled joint venture securities companies.It is understood that since the current round of opening, more than 30 foreign asset management and other financial institutions have landed in Beijing.Sauna, Ye Wang Huang Xinyu Editor Li Weijia Proofreading Wu Xingfa