从理财净值化转型看银行理财融资结构转变

The Transformation of Bank Wealth Management

"资管新规""理财新规"对银行理财提出净值化转型的要求,银行理财的净值化转型作为一种金融创新,从产品形态而言是从"预期收益型"向"净值型"转变,然而其本质是实现间接融资模式向直接融资模式的跨越,对于优化我国融资市场结构,支持实体经济发展,降低系统性金融风险等具有重大意义。

The New Asset Management Regulations and New Financial Management Regulations introduce requirements that will transform the bank wealth management business.These regulatory changes are a financial innovation that will shift bank wealth management from the guaranteed income structure to a net worth format.This transformation is essentially aimed at shifting from indirect financing to direct financing,a move that has great significance for optimizing the structure of China’s financing market,supporting the development of the real economy,and reducing systemic financial risks.