Commencing a comprehensive self-assessment and rectification, wealth management companies face a "major exam" for ratings

With the implementation of the "Interim Measures for the Supervision and Rating of Wealth Management Companies" (hereinafter referred to as the "Measures"), wealth management companies are facing a systematic "big test." Journalists have learned from various sources in the industry that many bank wealth management subsidiaries have begun self-assessment and rectification in accordance with the rating framework. Frontline bank wealth management personnel generally feel that the competitive logic of the industry is undergoing a fundamental change— the previously relied path of scale expansion is gradually giving way to a competition of comprehensive strength, while areas such as investment research and risk control, which require "heavy investment and slow returns," are becoming key variables that determine the rating level. (Shanghai Securities Journal)