Tang Wenjie: Asset Management Institutions Should Provide Products That Meet The Needs Of Investors.

Moderator: today's theme is "wealth management innovation and investor protection". Let's first talk about wealth management innovation. When it comes to innovation, we first think of high technology and Internet. Like Alipay and Yu Ebao just now, we believe that many friends at the scene have used it. In the process of innovation, it will bring more benefits. Of course, there will inevitably be some risks. All of you here, I would like to pay more attention to the risk part.

I think that risk and profit are two aspects of a coin. In our past, because I have invested and researched for ten years, in most cases, most people only pay attention to one aspect of the coin, that is income, and few people will pay attention to how much risk they take under this income level.

From the point of view of an asset management organization or from a wealth management institution, what is the core question to answer? This is the three point that this institution is for whom and how to achieve the following level of risk.

To solve a problem for someone, that is, who is your client and whether your client has a problem.

The characteristics of the demand side, then these characteristics can be standardized and quantified by your product, so that you can provide customers with such a product that fits his needs, including the letter of credit for a large number of small and medium enterprises loans, I think this is a category.

The second

To solve the problem of standardization, in the course of investment, when the customer has a good identification, this time, you need to make some considerations about the standardization needs in the process of product formation, so that you can give targeted customers when offering products.