The Research On Development Strategy Of S Banks' Asset Management Business In New Era

Since the beginning of this century,the commercial banks of our country start to water test asset management business to prepare for the reform of interest rate liberalization.Since 2004,bank's asset management business scale has expanded rapidly from RMB100 billion to nearly 30 thousand billion,and has been the leader in the hundred-thousand-billion asset management industry.In recent years,the economic and regulatory policies have been further advanced along with new changes and challenges,such as slowdowns of domestic economic growth,supply side structural reforms,slow global economic recovery,frequent black swan incidents and appearance of the turning point of monetary easing.Banks' asset management businesses face dual pressures of asset shortage and funding shortage.The entire asset management industry has exposed a series of problems,such as cross-investment,magnifying leverage,inter-bank arbitrage,and funding shortage in real economy.The rapid expansions of the asset management industry also accumulate hidden dangers and risks.To effectively prevent the systematic risks of asset management business,and ensure the stable and healthy development of finance industry,our country has successively launched a series of regulatory provisions guided by Guidance on Regulating the Asset Management Business of Financial Institutions(hereunder referred as the Guidance),which marks a new era for asset management business.As the financial institutions with the largest proportion of asset management businesses,commercial banks will firstly face influences brought by the new regulations.This research topic comes from actual works.Through in-depth thinking on the situation that at present,differentiated competitions between banks' asset management businesses are not obvious,and homogenization is serious,especially nowadays,some asset management businesses have become the tools for asset-liability adjustments,and asset management products have become the subsititutes for deposit and loan products,we transform our businesses to truly provide value-added asset management services to our customers.This paper will start from teasing out the development of asset management business of China's commercial banks,analyze the transformation of commercial bank's asset management business under the new regulation,take a regional small and medium-sized commercial bank,S Bank in China,as example,analyze the development of its asset management business comprehensively,find its development problems and provide strategic recommendations to S Bank under the background of new regulations and supporting policies,hoping that we can provide some recommendations for asset management business transformation of domestic small and medium-sized commercial banks.