重庆理工大学学报（社会科学版）
重慶理工大學學報（社會科學版）
중경리공대학학보（사회과학판）
JOURNAL OF CHONGQING INSTITUTE OF TECHNOLOGY
2014年
9期
51-54
,共4页
泛资产管理%券商策略%资管投行%资管变革
汎資產管理%券商策略%資管投行%資管變革
범자산관리%권상책략%자관투행%자관변혁
universal asset management%security strategy%capital investment bank%capital manage-ment reform
自2012年以来，整个金融市场发生了急剧变化，银行、证券、基金、保险、信托等相关子行业的边界逐步在突破和融合。尤其是资产管理行业，监管层关于资产管理新政的密集出台改变了资产管理行业的竞争格局，泛资管或者大资管行业快速成长，这些政策的释放和跨界业务的融合，带来的影响是巨大的，特别是资管行业业务牌照的管制放松，吸引了更多的机构竞争者，行业活力显现；同时新政策为资管业务的开展铺设了新的渠道格局，增加了可配置产品，金融产品创新环境得到优化。在这种情况下，资管行业子行业的牌照垄断优势逐步瓦解，跨领域跨行业竞争合作的特征愈加明显，促使各资管机构通过从事不同的价值活动去占据各自的生态位置，在大资管市场中展开战略布局，逐步开展差异化的经营策略。
自2012年以來，整箇金融市場髮生瞭急劇變化，銀行、證券、基金、保險、信託等相關子行業的邊界逐步在突破和融閤。尤其是資產管理行業，鑑管層關于資產管理新政的密集齣檯改變瞭資產管理行業的競爭格跼，汎資管或者大資管行業快速成長，這些政策的釋放和跨界業務的融閤，帶來的影響是巨大的，特彆是資管行業業務牌照的管製放鬆，吸引瞭更多的機構競爭者，行業活力顯現；同時新政策為資管業務的開展鋪設瞭新的渠道格跼，增加瞭可配置產品，金融產品創新環境得到優化。在這種情況下，資管行業子行業的牌照壟斷優勢逐步瓦解，跨領域跨行業競爭閤作的特徵愈加明顯，促使各資管機構通過從事不同的價值活動去佔據各自的生態位置，在大資管市場中展開戰略佈跼，逐步開展差異化的經營策略。
자2012년이래，정개금융시장발생료급극변화，은행、증권、기금、보험、신탁등상관자행업적변계축보재돌파화융합。우기시자산관리행업，감관층관우자산관리신정적밀집출태개변료자산관리행업적경쟁격국，범자관혹자대자관행업쾌속성장，저사정책적석방화과계업무적융합，대래적영향시거대적，특별시자관행업업무패조적관제방송，흡인료경다적궤구경쟁자，행업활력현현；동시신정책위자관업무적개전포설료신적거도격국，증가료가배치산품，금융산품창신배경득도우화。재저충정황하，자관행업자행업적패조롱단우세축보와해，과영역과행업경쟁합작적특정유가명현，촉사각자관궤구통과종사불동적개치활동거점거각자적생태위치，재대자관시장중전개전략포국，축보개전차이화적경영책략。
Since 2012,the whole financial market has been sharply changing.The boundaries of bank,securities,insurance,trust and other related industries have been gradually breaking and fu-sing.Especially in the asset management industry,the new intensive policies of government have been changing the competition situation of financial asset industry.The extensive financial asset man-agement or huge financial asset management is rapidly growing.The influence of integration of new policies and cross-border business is enormous.Especially the relaxation of financial asset manage-ment license leads in more competitors and vitality.In the meanwhile,new policies spread out the new channels and increase the configurable products for the development of financial asset business. The innovation environment of financial products has been optimizing.In this situation,the license monopoly of financial management sub-industry has been gradually disintegrating.The feature of cross industries cooperation and competition has been more obvious.Both of all make each financial asset management institutions through different value activities to occupy the respective ecological position, develop strategic layout in huge financial asset management market and gradually carry out the differ-entiated business strategies.
