On September 23rd, the "New Era, New Engine" Family Office TOP50 Forum City Summit co-sponsored by the Family Office TOP50 Forum and LiXiangjia Group was successfully concluded in Shenzhen.
At the scene, Wang Zhongmin, director of the National Social Security Fund Council, and other important people attended and delivered speeches. In addition, more than 400 entrepreneurs, investors, wealth management institutions, experts and scholars, and family office practitioners gathered together to share experiences and collide views on financial missions, family office development and investment methods in the new era, and jointly building a family office industry ecosystem, and providing suggestions and suggestions for the development of local family offices.
Wang Zhongmin said that the financial sector in the process of helping common prosperity is rich and colorful, in terms of wealth management, financial logic can not only make wealth realize value with maximum efficiency, but also help family growth. Among them, family offices are an effective means.
Guiding finance to goodness has become a new mission of home management in the new era
China's economic take-off for decades has led to the birth of a large number of high-net-worth groups in China. The demand for emerging asset investment, wealth inheritance and one-stop asset management services is becoming more and more prominent. According to the Chinese Academy of Social Sciences, the total wealth of Chinese residents is expected to exceed 400 trillion yuan in 2021.
Under this historic opportunity, how to guide wealth to create more investment, entrepreneurship and employment opportunities while serving customers well, and enhance the happiness of the broad masses of the people has become a new era proposition.
At the scene, Wang Zhongmin, former vice chairman of the National Social Security Fund Council, delivered a keynote speech entitled "Realizing the Financial Mission in Common Prosperity", believing that financial means can play an important role in achieving common prosperity.
Wang Zhongmin said that finance can open up financial transactions and financial needs between low-income people and high-income people, and effectively develop in the transaction structure and financial products of society. Providing more financial products and financial services and financial transactions for low-income people is the main embodiment of the financial value of achieving common prosperity.
He said that practitioners need to protect the interests of more small and medium-sized investors by establishing a standardized management mechanism. Through a reasonable asset management structure, while protecting the interests of investors, wealth can play a market role. The industry should embrace the tide of digital technology and use the empowerment of financial technology to better achieve common prosperity. "Family offices are an effective tool".
Wang Zhongmin believes that the professional ability of family offices is not only the intellectual resources and capital resources of the family, but also the intellectual resources, financial resources and capital resources of the whole society. It can not only avoid the non-transmission and loss of family wealth, but also create more beneficial value for society.
Zhu Chao, CEO of Lixiangjia, said in his speech that the family office has a family wealth management institution with many functions such as inheriting and protecting wealth, upgrading value-added wealth and helping family industries. "Common prosperity has two levels of meaning: the first is to get rich together, first we have to get rich together; family offices also have a role: to keep rich together. It is impossible to achieve common prosperity without leaving the rich alone. ”
He believes that every family deserves to have its own family office, which is the need of the times. Li Xiangjia needs to use stronger information support and stronger investment and research support to make the family office better serve the broad masses of the people.
Zhu Chao introduced that in the past eight years, Li Xiangjia, a service provider of intelligent wealth management technology in China, has been committed to providing one-stop and all-round empowerment services for wealth management institutions and practitioners to help Chinese investors. In the future, LiXiangjia will continue to export the most first-class resources and investment methods to a large number of ordinary investors with strong demand. "Let the family office truly become a new force in the investment sector and a new channel for common prosperity."
Give full play to professional effectiveness to build an engine that promotes financial innovation
As a new form of business on the road of financial innovation, the value of family offices is gradually recognized by more and more people. Its role is no longer limited to serving the middle and high-yield population, but also through professional ability, to help All kinds of emerging enterprises in China grow, and to guide wealth to exert greater social value.
In recent years, with the increase in the number of family offices and the specialization of wealth management, practitioners have increasingly needed the empowerment of professionals and professional platforms to enhance their core competitiveness.
Huang Hai, founder of Lixiangjia, analyzed that in the process of rapid development of the home-run industry, it is necessary for the forerunners to make suggestions and guidance for the industry that conform to the national conditions and market laws. Skill sharing, information sharing, and information sharing in the family office industry will become the future trend, "We look forward to concentrating everyone's advantages through the forum, serving more families in an all-round and full chain, and at the same time providing a platform for information exchange to the industry, so that everyone can lose their strengths and connect all." ”
For investors, the investment and research capabilities of family offices are crucial, which is the basis for ensuring the preservation and appreciation of their wealth. The choice of home office practitioners to cooperate with platforms with professional investment research teams to enhance their comprehensive competitiveness has become a new trend in the development of the industry. At the scene, the two leaders of Lixiangjia Research Institute shared their research results on cutting-edge investment opportunities and new investment methods.
He Yuanyuan, senior vice president of Lixiangjia and head of the macro research center, believes that market changes rapidly, adheres to the concept of cross-cycle and diversified investment, does a downside risk protection in the allocation, and pays attention to the impact of the expected difference on the market. She suggested that investors can choose to allocate some industries with industrial chain advantages and match the policy direction, and the configuration also needs to be based on the rotation of the market to judge the time and size up the investment.
For the choice of investment methods, Zhou Yue, CTO and head of the Quantitative Research Center of the SaaS platform, believes that investment management can be carried out through intelligent tools, combined with market trends, behavioral finance, big data, etc. Quantitative investment uses modern statistical and mathematical methods to find multiple stock strategies and laws, summarize them into factors and model programs, and perform them according to quantitative model combinations, which can create stable and sustainable returns for investors.
HuangHai predicts that as more and more professionals leave large institutions to enter the family office field, the role of family offices in the investment field will become more and more important in the future. The new investment force with the family office as the main investment body has begun to appear, and the family office will become a new engine of "financial innovation".
The selection of the "Family Office TOP50 Annual List" opens and it is time to promote industry norms
At the event site, a number of industry insiders made suggestions and suggestions for the development of the family office industry.
In the two roundtable forum sessions entitled "New Era, New Wind Direction, New Path" and "New Paradigm for Family Office Development", representatives from InvestHK, private equity funds, entrepreneurs, investors and family offices conducted in-depth discussions on investment opportunities and challenges brought about by industrial upgrading, the value of family offices as new LPs in the investment field, the support of family offices in Hong Kong for family offices, and how to better promote the development of family offices in China.
Throughout the history of the development of domestic family offices, it is in a period of rising and flourishing, and industry standards and norms have always been a topic of concern in the industry.
Liu Yankun, Secretary General of the Family Office TOP50 Forum, said in elaborating on the vision and significance of the forum that in the future, the forum will be built into a platform for information interaction, a community for common growth and a channel for resource integration. "We will also uphold this purpose and positioning to carry out our forum activities."
At the summit, the Family Office TOP50 Forum officially released the 2021 annual list selection plan. The list is committed to praising the innovative benchmarks and growth models of China's family office industry, helping growing family offices to enhance the influence of the industry, and ultimately promoting the innovation and development of China's local family office industry.
The forum hopes that by bringing together the experience and wisdom of China's family office industry, it will provide useful references and enlightenment for promoting the progress and development of Chinese family offices.
In May this year, the Family Office TOP50 Forum set sail in Beijing, led by Gao Xiqing, Hongtian Chair Professor of the University of International Business and Economics, former Vice Chairman, General Manager and Chief Investment Officer of China Investment Corporation, xu Shanda, an expert of the Institute of Finance and Economics and former deputy director of the State Administration of Taxation, and more than 200 global honorary family members, entrepreneurs, bankers, investors and representatives of China's top family offices.
In July, the forum walked into Hangzhou, the "new economic city", and talked with professors, entrepreneurs and representatives of new economy families of Zhejiang University on how to form a new industry consensus in the new economic era, guide wealth investment in more innovative and valuable social fields, and help the sustainable development of China's economy.
In the past four months, the Family Office TOP50 Forum has conducted research visits in many cities and conducted in-depth exchanges with more than 10 cutting-edge family offices. In the future, the forum will continue to provide a deep empowerment platform for family offices in China's take-off through diversified industry exchanges, jointly build a domestic FO industry system, and gain insight into new opportunities for industry development.
(Source: China Business Daily/ Shenzhen Special Economic Zone News)