Research On Supervision Of Wealth Management Business Of China's Commercial Banks In The Age Of Great Assets Management

The asset management business of various financial institutions such as bank wealth management,trust plans,asset management plans of securities companies,special asset management plans of fund subsidiaries has developed rapidly since 2012,and cross-business asset management cooperation between various financial institutions has become increasingly close.The Age of Great Assets Management has arrived.And commercial banks have become the largest market entity in domestic asset management by virtue of their capital,resources,and channels,and bank wealth management services have played an active role in many aspects such as meeting the financing needs of the real economy,improvement of residents' income,transformation and development of financial institutions,and efficiency improvement of money.There is still a series of problems in the development of bank wealth management that have grown up in a short period of time.This paper uses empirical research methods to sort out the administrative penalties concerning the bank's wealth management published by the China Banking Regulatory Commission.and classifies and analyzes the illegal and irregularities of the punished bank,and then demonstrates the risks involved in the commercial bank's misconduct.In order to analyze the disputes involving commercial banks and financial consumers,this article also cited a number of verdict.This paper uses historical analysis methods to discuss the gradual improvement of China's banking wealth management business and supervision system,especially the regulations issued by regulatory authorities about capital pool business,inappropriate sales practices and cross-finance products since 2016.This article uses comparative research methods,based on the unified supervision perspective of the asset management industry in the age of great assets management,and conducts a comparative analysis of the current regulatory status of asset management businesses conducted by financial institutions such as banks,trusts,securities,and funds.This article analyzes the cooperation model and cooperation scale of banks and trusts,securities,funds and other institutions,and points out that the business landscape of cross-industry,cross-market,and cross-regulatory lines has been formed.Then analyzes the risk of the bank's wealth management combined with the administrative penalties.For more than a decade,the China Banking Regulatory Commission has issued a number of regulatory documents to regulate the wealth management business.However,there are still imperfections.The regulations concerning the cooperation between asset management products are still relatively lacking.Most of the comments are limited to the cooperation between banks and trusts based on the limits of authority.This paper has made suggestions on the improvement of the supervision system of wealth management.In the context of strengthened cooperation in the field of asset management,the focus of prevention and mitigation of financial risks at the national level,the strengthening of financial supervision,and the unified supervision of the asset management industry,this paper has certain theoretical and practical significance.At present,the bank's wealth management business has not yet achieved independence.There is no correspondence between wealth management products and wealth management revenues,and the term of products and the term of assets.In the process of sales of wealth management products,there is insufficient disclosure of information,which misleads financial consumers to purchase financial products,the cooperation between banks' wealth management products and other financial institutions' asset management products has increased,which has increased the relevance and opacity of the financial system,leading to risk events in micro-financial institutions easier to affect the macro system.On the whole,the potential liquidity risks,operational risks,and systemic risks caused by the wealth management of commercial banks cannot be ignored.The development and transformation of the bank's wealth management business under the age of the Great Assets Management needs the regulation and guidance of supervision,it's necessary to establish a regulatory system that is conducive to the healthy and orderly development of the bank's wealth management business.This paper proposes to adopt coordinated supervision and penetration supervision.The Stable Development Committee and the People's Bank of China,as the lead institutions for the supervision and coordination of asset management,penetrated and identified underlying assets;accelerated the harmonization of regulatory standards;introduced basic rules about market access for asset management,information disclosure,investment scope,qualified investors,etc.Clarify the legal status of bank wealth management products by adopt trust relationships.Introduce a third-party custody system to ensure the independence of wealth management,establish a diversified dispute resolution mechanism,and protect the right of financial consumers to obtain civil compensation;in addition,strengthen the construction of an information management platform apply with penetration supervision.Fully monitored and controlled the transaction scale,capital flow,and risk of the products in real time.