Financial Regulatory Administration: 32 Wealth Management Companies Have Outstanding Wealth Management Products with a Scale of 30.7 Trillion Yuan

People’s Daily Online Beijing, March 17 (Reporter Luo Zhizhi) According to the website of the China Banking and Insurance Regulatory Commission, the regulator recently issued the “Interim Measures for the Supervision and Rating of Wealth Management Companies” (hereinafter referred to as the “Measures”). An official from the relevant department of the China Banking and Insurance Regulatory Commission stated that by the end of December 2025, there will be 32 existing wealth management companies nationwide with a total wealth management product scale of 30.7 trillion yuan, accounting for 92% of the total market wealth management products of 33.3 trillion yuan. After more than six years of development, wealth management companies have achieved positive results through standardized transformation and have become an important part of China’s asset management industry. The official pointed out that at the same time, it should also be recognized that some institutions face issues such as unclear development positioning, the need to improve professional investment capabilities, the ongoing deepening of net value transformation, and imperfect risk management. To further clarify the development direction of the wealth management industry, improve the regulatory system for wealth management companies, and promote their continuous capability enhancement, it is very necessary to formulate and implement the “Measures.” First, it helps strengthen regulatory guidance. By playing the role of the rating as a “command stick,” it urges wealth management companies to establish prudent and stable business philosophies and to effectively fulfill their fiduciary management responsibilities. Second, it accelerates transformation and development. It encourages wealth management companies to benchmark industry leaders, identify gaps and deficiencies, continuously strengthen their capabilities, and enhance endogenous development momentum. Third, it promotes the rational allocation of regulatory resources. Through regulatory ratings, it better reflects the risk status and operational characteristics of wealth management companies, clarifies key institutions and areas for regulation, and improves the precision and scientificity of supervision.