——Practice of Securities Asset Management Business
On November 2, 2021, our institution had the honor of inviting Mr. Wu Wanhua, Managing Director of Shanghai SIPG Securities Asset Management Headquarters, to give a lecture on the industry forum with the theme of "Practical Securities Asset Management Business".
Mr. Wu Wanhua has served as a lecturer in the Basic Department 2 and the School of Materials Science and Engineering at Nanchang University of Aeronautics and Astronautics. He later held positions such as researcher, senior marketing manager, and senior investment manager at Guotai Junan Securities and Northeast Securities. He has extensive experience in securities asset management and is proficient in financial product design, marketing, investment management, and risk control. In this forum, Teacher Wu Wanhua introduced various securities asset management business entities, types, and models, emphasizing that securities asset management business should pay attention to compliance and risk management in the process of conducting business.
At the beginning of the forum, Professor Wu Wanhua defined the keyword asset management from the overview of securities asset management business, and introduced the situation of China's wealth market through the scale of investable assets held by individuals in China. Among them, bank wealth management accounts for the largest proportion, followed by trust. When mentioning the new regulations on asset management, Teacher Wu Wanhua emphasized the importance of understanding the regulations when working in securities companies, and provided detailed explanations of the regulatory approach for asset management business with specific examples.
Afterwards, Teacher Wu Wanhua introduced two types of securities investment funds. Regarding public funds and private funds, this article introduces the participating entities, legal forms, operational methods, and performance evaluations respectively, and points out the biggest differences between the two. Private funds are limited in the number of investors and need to raise funds from investors in a non-public manner. From the perspective of the number of existing private fund managers in China, there has been a trend in recent years for private funds to surpass public funds. In addition, Teacher Wu Wanhua also briefly introduced the content of single asset management plan, special asset management business, and cross-border investment.
Finally, Teacher Wu Wanhua introduced the risk control of securities asset management business. Explain with simple examples from the aspects of system, personnel, and equipment, and mention the need to establish a black and white list for stock concept classification.
After the meeting, students actively asked questions and discussed with Professor Wu Wanhua how the epidemic affects the filing and information reporting of private equity funds, and the impact of new asset regulations on the returns of securities companies. Professor Wu Wanhua provided detailed answers based on his more than 20 years of asset management experience. Through this forum, students have gained a deeper understanding of asset management.
Contributors: Chen Huishan, Li Chenxi, Wu Hao
Image provided by: Tan Wenxin
