Macro-Finance Salon (No. 60) and Seminar on Wealth Management Development Index
2017-04-25 IMI
Professor Zhuang first introduced the backgrounds, general condition of their research members and the process of the research on Wealth Management Development Index. At the beginning of 2014, wealth management and financial reform pilot area in Qingdao was officially permitted by China’s government, which signified that wealth management has become a national financial development strategy in China. Accordingly, the Renmin University of China and Qingdao Municipal Government set up a subject research group and co-edited the report China Wealth Management Development Index. Based on quantities, this report systematically analyzes the overall industry development of the wealth management in China, which has already achieved some results and thereby built a framework. In order to better work on index design and composition, the research team held internal seminar, on which they discussed related data and issues of this industry. They hoped that experts at the scene could put forward suggestions and proposals on index system, data collection and theoretical supports.
Next, Tan Songtao, Gang Jianhua, Qian Zongxin and Dai Wensheng gave a more detailed introduction to their research from aspects like the building of overall framework, industry development, products, development index and index choosing, etc. They also pointed out issues they had encountered and hoped to gain suggestions from experts.
Miao Yufeng offered his suggestions from three aspects, namely index, wealth and technology and hoped that when editing index, the research team could much consider whether these index are scientific-based, promising, controllable and adaptable. Meanwhile, the group should also consider the measurability of data. Liu Qingsong hoped team members to re-build the framework of reports and think the significance and goals of making wealth management development index and lessons from international community. Yan Xiandong pointed out that editing index should first require to satisfy clients’ demands, and that we should establish an index not only basically satisfying clients’ needs, but also being sustainable. Besides, three experts also shared their own advice on choosing specific index and collecting data. After the salon, group members had a deep discussion on experts’ suggestions.
