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Impact of the Development of Wealth Management on China's Financial Ecology
Liu, Shuying
Liu, Shuying
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Thesis/Dissertation
Date
2024-09
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Global Finance
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http://dx.doi.org/10.34944/dspace/10906
Abstract
This paper is mainly based on the rapid economic development that China has achieved in the 40 years of reform and opening up since 1978, and the wealth owned by Chinese residents is getting better and better. Because Deng Xiaoping once put forward the initiative of letting some capable people get rich first, the wealth of some Chinese has increased exponentially. With the increasing wealth of residents, and the influence of the financial industry and wealth management concepts, the main body of financial awareness of Chinese residents has awakened, and the demand for wealth management professionalism is increasing. China is now the world's second largest wealth management market. Based on this, this paper comprehensively analyzes the formation and development process of the wealth management market with bank wealth management as the main body from the perspective of the domestic macro environment and domestic demand. Including securities company asset management, public funds, private equity funds, custodial asset management and trust industries. At the same time, the development and prospects of China's wealth management industry market are analyzed. This paper focuses on the analysis of the impact of the development of wealth management on the financial industry, and discusses the impact of the development of bank wealth management, private equity, public offering, fund custody, securities company asset management, insurance and trust on the financial industry. This paper verifies the above argument through the actual analysis of the impact of the development of the wealth management market on the operation of financial institutions.
The paper concludes with:
1.Strengthening the construction of the evolution system of the financial ecosystem plays an important role in accelerating the construction of the basic economy and improving the level of the regional economy.
2. It is an important measure to promote economic development to improve the policy arrangements for the innovation mechanism of the financial ecosystem, improve the reform of the financial mechanism, and optimize the financial ecological structure.
3. It is of great significance for the development of wealth management to improve the construction of a soft environment for the evolution of the financial ecosystem, accelerate the development of financial intermediaries, and improve the financial level.
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