Securities firms' asset management urgently need to accelerate the pace of transformation. "Fixed income +" and multi-asset have become the two major strategic focuses.

In recent years, two major events in the industry have profoundly changed the business landscape of securities asset management: first, the transformation of large-scale collective products is coming to an end by the end of 2025; second, securities asset management firms have encountered obstacles in applying for public fund licenses. Amid the pains of the massive changes in traditional business, securities asset management urgently needs to accelerate its transformation pace and find new sources of business growth. Recently, reporters from Securities Times interviewed several securities asset management institutions to uncover the latest strategic dynamics in the industry. Overall, "fixed income +" and multi-asset have become the two main strategic focuses of securities asset management. Alternative asset businesses such as REITs, derivatives, commodities, and others have become the "rich mines" for expanding revenue sources in the industry.