Defining the concept of finance is the basis of financial development, supervision and legislation. In order to standardize the financial order and deepen the reform of the financial supply-side structure, we shall, based on the basic concepts and logic of finance, improve the financial laws and regulations, regulatory positioning and regulatory responsibilities, creating a sound environment for the development of the market.

 Yesterday, China Wealth Management 50 Forum—the Symposium on "Asset Management Market Research" was held in Beijing Fund Town.

 Wu Xiaoling, member of the Standing Committee of the 12th National People's Congress, vice chairman of NPC Financial and Economic Committee, former vice president of the People's Bank of China, chairman of PBC school of Finance, Tsinghua University and general academic advisor of the China Wealth Management 50 Forum, made a keynote speech and shared his research and opinions on China's asset management market from four aspects: the functional orientation, regulatory concepts and principles of the asset management market, the problems faced by it and the evolution and adjustment of the regulatory division of labor.

China Wealth Management 50 Forum (CWM50)

 Founded in 2012, it is an unofficial and non-profit academic think tank, dedicates to providing a high-end communication platform for professionals concerned with the development of China's wealth management industry. It promotes the exchange of theory, ideas, innovation and experience, providing theoretical and practical reference for relevant decision-making and research institutions, and thus provides inexhaustible ideological impetus for the development of wealth management industry, which finally exerts a positive impact on the optimization of China's financial system.

 Liu Xiyuan, secretary-general of the CWM50, presided over the meeting. Many important people had in-depth discussions and exchanges around the theme of the meeting, including Yan Liu, professor of Peking University Law School, Zhang Xuyang, chairman of the board of GuangDa Financial Management Company, Fan Hua, chief expert of National Research Institute, Tian Xuan, vice president of PBC school of Finance, Tsinghua University, professor Chen Zhuo, Jiang Jianrong, deputy director of ShenWan HongYuan Research Institute, Duan Shenghui, director of strategy research for Taikang Asset, Hong Lv, partner of Llinks Law Offices, Bu Yanhong, general manager of management department of Postal Savings Bank of China, Xin Wei, former general manager of COFCO Trust, and representatives from PricewaterhouseCoopers, CITIC Securities, Redbud Capital and other institutions.