摘要
新一轮的监管放松引领中国资产管理行业进入完全竞争的'大资管时代'。市场准入开放为私募基金带来新的发展机遇,但同时也加剧了基金业现有的挑战。新《基金法》为私募基金打开了通向广阔居民理财市场的道路,资本市场的发展和金融工具的丰富使私募基金实现差异化投资成为可能,而未来中国经济的成功转型将为富有远见的投资人展现历史性的投资机遇。把握崭新发展机遇的同时,私募基金需要继续面对固有的挑战:在更为激烈的市场竞争中取得持续优良稳定的投资业绩,建立以客户利益为核心的可持续的商业模式,以及打造适合公司长期发展的销售团队。面对新时代的机遇与挑战,私募基金应该从自身出发,处理好发展中的三个重要关系,练好四项内功,实现持续健康的成长。
Abstract:Driven by another round of deregulation,China asset management industry has come into the new era of complete competition.While open market access presents brand-new business opportunities,industry challenges remain and will likely be heightened down the road.To private fund companies,plentiful opportunities will arise.The New Fund Act paves the way to a much broader client base,and development of China capital market and increasing availability of financial tools renders differentiated investment strategies.Moreover,a successful transformation of China’s economy will bring along historic investment opportunities to visionary investors.At the same time,private fund companies will have to confront the same challenges:to consistently achieve good investment returns in an increasingly competitive market place,to establish a clientinterest centered and sustainable business model,and to build a strong sale force to support the long term growth strategy.To successfully take on the challenges and capitalize on the opportunities,Chinese private fund companies need to start from the inside and focus on strengthening internal competitiveness through carefully tackling with three major strategic issues and continuously improving four key corporate capabilities.
作者
裘国根
QIU Guogen(Chongyang Investment)
出处
《新金融评论》
2013年第5期95-114,共20页
New Finance Review
关键词
准入开放
竞争加剧
客户利益
可持续发展
Open Market Access
Intensified Competition
Client-interest
Sustainable Growth
