摘要
在传统的"以销售定托管"的证券投资基金托管市场上,国内托管银行凭借代销渠道方面的优势,承接了绝大部分国内证券投资基金的托管份额。随着2019年2月证监会下发《关于新设证券投资基金管理人证券交易模式转换有关事项的通知》以及2020年7月证监会和银保监会联合发布《证券投资基金托管业务管理办法》,券商和外国银行将越来越多地参与国内证券投资基金托管市场的竞争。国内托管银行应积极采取措施应对证券投资基金托管市场新的竞争格局,在利率市场化逐步推进和金融脱媒的当下以轻资本、轻资产、轻成本的托管业务助力商业银行的转型。
Domestic custodian banks have taken the bulk of the custody business for domestic securities investment funds by virtue of their advantage in having extensive agency sales channels. But securities firms and foreign banks will increasingly compete in the domestic securities investment fund custody market following the China Securities Regulatory Commission’s "Notice on Matters Concerning the Conversion of the Securities Trading Mode of Newly Established Securities Investment Fund Managers" issued in February 2019 and the "Securities Investment Fund Custody Business Management" issued jointly by the CSRC and the China Banking and Insurance Regulatory Commission in July 2020.Domestic custodian banks should actively take measures to respond to the new competitive landscape in the securities investment fund custody market. The custody business, which has relatively light requirements for capital, assets and costs, can help commercial banks transform themselves during this period of gradual interest rate marketization and financial disintermediation.
出处
《金融市场研究》
2020年第9期127-136,共10页
Financial Market Research
关键词
证券投资基金
托管
国内托管银行
外国银行
Securities Investment Fund
Custody
Domestic Custody Bank
Foreign Bank
