China Fund News reporter Liu Fen sorted out
On June 20, the "6th China Fund Manager Summit" and "2019 Science and Technology Innovation Board Investment Summit Forum" sponsored by China Fund News and co-sponsored by Securities Times were held in Shenzhen, and Wang Bingyang, deputy editor-in-chief of Securities Times and chairman of China Fund News, attended the meeting and delivered a speech.
Wang Bingyang said in his speech that as an important participant in the capital market, the development and growth of the institutional investor team will surely effectively promote the overall development of the capital market and provide impetus for the steady growth of China's economy. For domestic mainstream asset management institutions, the launch of the science and technology innovation board is conducive to promoting the development of institutional investors in China and further improving the voice of institutional investors in the capital market, whether in the short or long term.
Institutional investors drive capital market development
Contribute to China's economic growth
At the "Sixth China Fund Manager Summit" in the morning, Wang Bingyang summarized the important role of institutional investors in China's capital market.
Wang Bingyang pointed out that this year marks the 70th anniversary of the founding of New China and is also a crucial year for winning the battle to build a moderately prosperous society in an all-round way. While our country's current economic development is steadily advancing, it is also facing more complex internal and external factors, on the one hand, the domestic supply-side structural reform has been further deepened, and economic construction has entered a stage of high-quality development; on the other hand, the trade friction between China and the United States has strengthened China's determination and confidence in accelerating reform and opening up.
In this context, Wang Bingyang said that the important role of the capital market in promoting China's new round of reform and opening up is becoming increasingly prominent, and the central government has clearly pointed out this year that "it is necessary to build a standardized, transparent, open, dynamic and resilient capital market, improve the basic system of the capital market, and do a good job in both market entrance and market export", and the various institutional innovations and incremental reforms of the capital market are being accelerated. As an important participant in the capital market, the development and growth of the institutional investor team will surely effectively promote the overall development of the capital market and provide impetus for the steady growth of China's economy.
According to public data, according to the relevant statistics of the Asset Management Association of China, as of the end of last year, the total scale of asset management business of China's fund management companies and their subsidiaries, securities companies, futures companies, and private fund management institutions was about 50.36 trillion yuan; of which 131 public fund managers managed a total of 5,147 funds and managed net asset value of 13 trillion yuan, an increase of 1.39 trillion yuan over the end of 2017; The scale of management also exceeded 12.7 trillion yuan, an increase of about 15% year-on-year. The further growth of the team of institutional investors is inseparable from the overall development of the asset management industry, and even more inseparable from the hard work of practitioners in the asset management industry, especially the outstanding performance of a group of outstanding fund investment and research personnel.
Wang Bingyang suggested that institutional investors should strengthen exchanges and communication between each other, learn from each other, make common progress, attract investors with long-term and steady investment returns and high-quality and professional financial services, and further strengthen the strength of institutional investors, so as to promote the development and reform of the capital market and create a broader future for China's economic development.
The Science and Technology Innovation Board enhances the voice of institutional investors
Promote the healthy development of the asset management industry
In the "2019 Science and Technology Innovation Board Investment Summit Forum" on the afternoon of the same day, Wang Bingyang pointed out that the science and technology innovation board is conducive to enhancing the discourse power of institutional investors and promoting the healthy development of the entire asset management industry.
Wang Bingyang said that the science and technology innovation board is the top priority of China's capital market this year, which is related to the further deepening of capital market reform and innovation, related to the further integration of finance and the real economy, especially the science and technology industry, and is of great significance to promoting the transformation of China's overall economic development to innovation-driven.
Wang Bingyang pointed out that as an important measure to deepen the reform of China's capital market, the science and technology innovation board has made very big breakthroughs in issuance and listing, sponsorship and underwriting, market-oriented pricing, trading, delisting, etc., and has taken a big step in the direction of marketization and standardization. Truly realize the guidance and promotion of finance to the transformation of the real economy.
The sci-tech innovation board has been held on June 13, the chairman of the securities regulatory commission Yi Huiman mentioned at the opening ceremony on the same day, in the early stage of the sci-tech board trading, investors as market participants, should focus on five aspects of the change: first, after the change of the issuance method, how to balance the relationship between the registration system and the quality of listed companies; second, after the market-oriented pricing, the IPO pricing mechanism has undergone great changes, how to scientifically value listed companies; third, the imbalance between supply and demand in the market in the early stage of the opening of the board, coupled with the new trading mechanism needs to adapt. How to deal with the large fluctuations that may occur in the short-term market; fourth, how to rationally judge investors in the rapid iteration of technology of science and technology innovation enterprises, long investment cycle, and great uncertainty; fifth, in the early stage of the pilot, the institutional innovation of the science and technology innovation board needs to be further tested in practice, and whether it may cause some market risks in the process of gradually running in.
For domestic mainstream asset management institutions, Wang Bingyang believes that the launch of the science and technology innovation board is conducive to promoting the development of institutional investors in China and further improving the voice of institutional investors in the capital market, whether in the short or long term. For example, the comprehensive marketization of the issuance pricing method, the increase in the proportion of institutional investor placement, the setting of the threshold for individual investors to enter the market, the more flexible trading system, the more stringent delisting system, etc., are essentially conducive to domestic asset management institutions to exert their professionalism in macroeconomics, industry research, individual stock research, etc., practice value investment and long-term investment concepts, fully demonstrate the value of "expert financial management" of asset management institutions, and then promote the healthy development of the entire asset management industry.
Multimedia matrix
Build an information communication bridge in the capital market
In the face of the historic opportunity launched by the Science and Technology Innovation Board, Wang Bingyang said that Securities Times and China Fund News have long been concerned about the development and reform of China's asset management industry, continuously enriching and strengthening the reporting force in related fields according to the development of the industry and the needs of the audience, innovating the communication mode, improving the audience experience, giving full play to the unique role of professional media, and building an information communication bridge between investors, channels, fund management institutions and regulators.
Wang Bingyang introduced that since its inception five years ago, China Fund News has gradually become a professional newspaper that has been highly recognized by the fund industry and has greater influence; the official micro-fans of China Fund News have exceeded 1.2 million people, becoming the top financial information public account in China; the scale of China Fund News WeChat Fan Association has reached 50 groups with a total of 25,000 people, becoming the largest fund WeChat investment and education community in China; China Fund News's "Opportunity Treasure" online roadshow platform. It has realized the registration of nearly 2,200 listed companies, gathered 7,500 institutional investors, and completed the real-name registration certification of more than 15,000 investment institutional personnel, becoming an important platform for listed companies to communicate with professional investors.
Finally, Wang Bingyang said, "As a social media under the People's Daily, Securities Times and China Fund News will continue to promote the in-depth development of media integration, make mainstream public opinion bigger and stronger, serve the audience and capital market participants with more professional and authoritative reporting content, more novel and efficient communication forms, and contribute to the healthy development of China's capital market and fund industry." ”
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