The "2023 Global Wealth Management Forum" was held in Beijing on December 7-8. Guan Shengyi, Vice President of Banking Financial Registration and Custody Center, attended and delivered a speech.

Guan Shengyi introduced that in the first half of 2023, the net value of financial products issued by financial companies remained stable overall, and the overall income was stable, creating a total income of 331.1 billion yuan for investors, of which financial companies created a income of 247.4 billion yuan for investors, an increase of 11.61%.

Each month in the first half of 2023, the average return rate of financial products was 3.39%.

"In this year's market, it is not bad to make such a profit."

Guan Shengyi also said that at present, the proportion of low-risk products has increased. Affected by the external environment, the risk appetite of the entire market has decreased significantly, and the bank's financial products have adjusted the product design strategy in a timely manner. By the end of June, the proportion of the entire risk level of two is more than 90%, and the proportion of four or five products is less than 1%, "which indicates that investors are transforming to low-risk products, and financial product managers are also designing low-risk products."

Guan Shengyi stressed that financial companies should take standardized development as the main line, take high-quality development as the goal, and explore the road to break the situation.

He offers a few suggestions:

First, the construction of a unified basic service platform for the financial industry can improve the efficiency of bank financial services, strengthen management, optimize customer service, in particular, drive business innovation and enhance industry competitiveness.

Second, the unified standard system of the industry promotes product rating, investor risk tolerance assessment, information disclosure, etc. The construction of these standards will reduce the disorderly competition of financial management companies, improve the operation efficiency and service quality of the industry, and lay the foundation for better risk management and control and promote financial innovation.

Third, build a unified and standardized large database for the financial industry, centrally manage and optimize the data of the financial industry, tap the potential value of the data, support financial companies to comprehensively improve their own capabilities, and realize early identification, early warning, early exposure, and early disposal of risks.

Fourth, while strengthening self-discipline in the market, it is also necessary for regulatory authorities to further improve the top-level design of financial management.

Fifth, standardize business innovation. In order to cope with the reversal of interest rates in the entire market, we can learn from the experience of transferring funds and other asset management products, improve the liquidity of financial management, and meet the needs of investors. We can explore a set of mechanisms.