Shanghai: Meeting the Diverse Wealth Management Needs of Residents

The notice issued by the General Office of the People's Government of Shanghai Municipality on the issuance of "Several Opinions on Deepening the Construction of Shanghai Global Asset Management Center" pointed out the need to serve the diversified wealth management needs of residents. Taking the diversified wealth allocation needs of residents as the anchor point, it is necessary to promote the transformation of wealth management from "seller sales" to "buyer investment consulting". Support asset management institutions to use big data and artificial intelligence to optimize customer profiles and enhance investors' sense of acquisition. Promote the integration of investor education into the entire process of wealth management. Encourage the development of charitable funds and charitable trusts to enrich sustainable public asset allocation channels. Support the development of family trust business, promote the full lifecycle wealth management model of "trust service + asset allocation", and support the standardized and professional operation of market participants such as financial institutions with "family office" functions.