Trial Analysis of the Development of China’s Commercial Banks’ Wealth Management Business and Its Countermeasures

Abstract

In recent years, China’s economy has been developing rapidly, and domestic investors’ concept of financial management has been increasing, as well as the demand for financial products. Domestic commercial banks have continuously responded to this phenomenon by continuously launching new wealth management products and enriching the number of wealth management products, and the Chinese wealth management market has successfully stepped into a stage of rapid development. In April 2018, the People’s Bank of China came out with new regulations on asset management to support foreign legal financial institutions to enter the Chinese market, which is not only conducive to learning from foreign advanced experience, but also promotes the healthy and sustainable development of the domestic financial market, and Chinese commercial banks’ wealth management business is facing new development opportunities. As an important intermediary business of banks, the development of banks’ wealth management activities generally reflects the trend of continuous enrichment of investment varieties and expansion of financial market scale, and while it plays a positive role in broadening investment channels and improving business models, there are also many problems. This paper analyzes the development status and problems of commercial banks’ wealth management business with a view to providing some policy suggestions to commercial banks, investors and regulators.