平衡多方因素 实现资产管理新旧体系平稳转换

Balancing multiple factors to reach a stable transition between the old and new system of asset management

2018年4月27日，中国人民银行、中国银行保险监督管理委员会、中国证券监督管理委员会、国家外汇管理局联合印发了《关于规范金融机构资产管理业务的指导意见》（银发[2018]106号），我国资管行业将迎来新变局。资产管理行业如何实现新旧体系的平稳转换？银行资产管理业务如何提升主动管理能力？金融科技浪潮来袭下，资管行业又如何依托金融科技赋能焕发新的生机？本期《中国银行业》杂志邀请了业界、学界相关人士对上述问题进行了探讨。

Under the current macroeconomic policy, the deleveraging policy needs to strengthen the supervision of high leverage activities in the asset management industry and adjust the policy framework for its operation. With the rapid development of China's asset management industry, and due to problems such as ‘Rigid repayment' in the old asset management system that have became increasingly prominent, designing a new institutional framework for the asset management industry has need of a consensus among regulators and markets. However, the transformation from the old system to the new one is a gradual process, where the healthy operation of the new system is conditional upon a healthy ecosystem.