Research On The Development Strategy Of Bank Of Jilin's Wealth Management Business Under The New Regulations Of Asset Management

With the rapid economic growth in the 40 years of reform and opening up,social wealth has accumulated and expanded,which has given birth to a huge wealth management business market.It can be said that the development of the wealth management business of commercial banks has a significant impact on the steady development of the entire financial system.Since 2017,financial supervision has been launched a series of policies: breaking the rigid redemption,remove financial leverage,and controlling the non-standardized debt investment.In April 2018,the “Guiding Opinions on Regulating Asset Management Business of Financial Institutions” was officially released,and the asset management industry established unified supervision.As a local city commercial bank,Bank of Jilin urgently needs to protect its healthy and orderly development of its wealth management business by improving internal management and optimizing the external environment.It is necessary to adjust the ideas on the basis of the existing business and resolutely put an end to the suspicion of bypassing supervision.Grasp the golden period of the transition period,follow the general trend,carry out transformational attempts actively,identify the market positioning,and ensure that at least one of the three capacity dimensions of channel,investment research and service has a competitive advantage.Based on the theoretical research on the development of wealth management business of commercial banks at home and abroad,this paper summarizes and compares the current wealth management business development of financial institutions across the country and the province,.Then it analyzes the impact and challenges brought by the “new asset management regulations” to the wealth management business of commercial banks.Finally,in combination with the actual situation of Bank of Jilin,in response to the latest regulatory requirements,through research and analysis,and put forward countermeasures,it mainly solves the problem of where the wealth management business of Bank of Jilin is going and how to do during the key transition period.