The wealth management industry has entered a bright era, and market opportunities will be relatively balanced in 2022

2022 is the first year after the transition period of the new asset management regulations. What changes will occur in the wealth management industry? CI Morgan Fund and many big names from Orient Securities shared their wonderful views.

Xu Haining, vice president of Orient Securities and general manager of the wealth management business headquarters, believes that with the development of the securities market and the continuous emergence of investment opportunities, China has ushered in a "highlight era" for the wealth management industry. Xu Haining pointed out that on the one hand, with economic development and the increase in per capita disposable income, Chinese society has accumulated a large number of wealth management target customers. On the other hand, with the decline in risk-free interest rates and the implementation of new asset management regulations, Chinese residents will increase their allocation of financial assets, especially equity assets, in the future. Moreover, China's capital market system is becoming increasingly perfect, and driven by multiple positive factors, the wealth management industry will accelerate its development.

Xu Haining further pointed out that 2022 is the first year after the transition period of the new asset management regulations. From the product supply side, higher requirements have been put forward for asset managers’ active management capabilities and professional judgment capabilities. . For wealth management, more professional service capabilities will be considered. Regarding how to carefully select funds to better serve customers, Xu Haining shared that Orient Securities will comprehensively evaluate and carefully select fund managers, fund managers and fund products through a three-level screening mechanism. "We hope to use ESG standards to identify fund managers, with the purpose of creating long-term value for customers, and are committed to promoting the healthy development of the entire industry and forming a virtuous cycle of customers-funds-managers-real economy." Xu Haining emphasized.

Looking forward to 2022, Shao Yu, chief economist of Orient Securities, believes that with the word "stability" at the forefront, fiscal and monetary policies are expected to be more active in 2022, and the stable operation of the overall macro economy can be expected. . Du Meng, investment director of CI Morgan Fund, also said that he is relatively optimistic about the market in 2022. Du Meng pointed out that after nearly a year of adjustments, the valuations of most assets in the entire market have reached a relatively balanced or reasonable state. At the same time, there is confidence in the macroeconomic recovery in 2022, and market liquidity will be relatively loose. In terms of investment opportunities, Du Meng believes that the market opportunities in 2022 will be relatively balanced. Not only the long-term promising new energy and semiconductor industries, but also consumer and pharmaceutical industries will have bottom-up opportunities this year. Even some traditional industries, such as building materials, light industry, etc., if the economy starts to recover, the price/performance ratio is not bad, and there are also some opportunities that can be explored from the bottom up.