见习记者 王冠 北京报道

Trainee reporter crown reports from Beijing

　　2月28日，证监会主席助理张育军在中国财富管理50人论坛首届年会上透露，截至2012年底，基金管理公司管理的资产规模达到了3.53万亿，银行理财产品余额达到了7.6万亿，信托资产达到了7.47万亿，保险资产达到了7.35万亿，券商资管规模达到了1.89万亿，各类股权投资基金和风险投资基金的总额超过了1.6万亿。

On February 28,,CSRC chairman assistant Mr Zhang wealth management 50 people BBS in China revealed the first annual meeting,By the end of 2012,Assets under management of the fund management company, 3.53 trillion,Bank financial product balance reached 7.6 trillion,The trust assets reached 7.47 trillion,Insurance assets reached 7.35 trillion,Brokers could scale up to 1.89 trillion,All types of equity investment funds and venture capital funds total more than 1.6 trillion.

　　2011年底，银行理财产品余额为4.59万亿，一年间，银行理财爆炸性增长65.6%；而随着2012年证监会一系列“新政”出炉，券商资产管理也从无到有，跃升至1.89万亿的规模。

At the end of 2011,Balance of bank financial products for 4.59 trillion,A year,Bank financial explosive growth of 65.6%;And in 2012 with a series of the commission"The New Deal"Came out,Asset management is from scratch,The size of the jump to 1.89 trillion.

　　中国财富管理的发展水准很大程度上反映了国家金融业发展的一个层次，但令人遗憾的是，在过去相当长的时期里，中国并不存在真正意义上的全能型财富管理机构。

The development of China's wealth management level to a large extent reflect the national a level of financial development,But it is a pity,In the past quite a long period,China doesn't exist in the true sense of universal wealth managers.

　　“当前，要推动一些新型的有财富管理职能金融业态的发展，企业年金、保险、资产管理、私募股权基金多元化的发展。”2月28日，中国人民银行副行长潘功胜在上述论坛上呼吁。

"The current,To promote some new wealth management function of financial development,Enterprise annuity/insurance/Asset management/Private equity funds diversified development."On February 28,,Pan gongsheng, deputy governor of the people's bank of China called for on the BBS.

　　过去几年，中国财富管理行业爆炸性的增长，随之而来的便是监管新题。正如潘功胜所言，尽管财富管理行业近年来发展迅速，但同时也存在一些体制约束和不太规范的因素，也存在潜在的风险。

Over the past few years,China's wealth management industry's explosive growth,Followed by a regulation is a new topic.As Mr. Pan said,Despite the wealth management industry has developed rapidly in recent years,But at the same time there are some system constraints and less specification,There are also potential risks.

　　张育军一针见血指出了国内财富管理机构在产品设计能力、投资能力、风控能力的薄弱，“在产品销售营销等领域，误导投资人的行为时有发生。”

Mr Zhang hit the nail on the head is pointed out that domestic wealth management mechanism in the product design capability/Investment capacity/Risk-control ability is weak,"In the field of product sales, marketing, etc,Mislead the investors' behavior."

　　以美国金融危机为例，潘功胜认为，财富管理产品大多具有跨行业、跨市场和跨业务的特点，产品风险发展迅速，发展过程中容易出现异化。

In the United States financial crisis, for example,Pan gongsheng, think,Wealth management product is mostly cross-industry/Across different markets and the characteristics of the business,Product risk is developing rapidly,Development process prone to alienation.

　　因此，回到中国财富管理监管新题，潘功胜认为，随着综合经营，交叉经营的不断扩大，财富管理跨行业、跨市场、跨业务的情况持续增加，需要探索和完善一些基础性的制度安排。

so,Come back to China wealth management regulation of new topic,Pan gongsheng, think,As the comprehensive management,The expansion of the crossover operation,Wealth management across industry/Across markets/Across business continues to increase,Need to explore and perfect the basic system arrangement.

　　张育军也指出了交叉性金融产品可能诱发的风险随着金融改革和行业创新的不断推进，银行、证券、保险、信托等行业的业务开始相互渗透，交叉性金融产品不断涌现，在满足多元化投融资需求的同时，也放大了金融投资与市场的风险。

Mr Zhang also pointed out that its financial products may cause the risk with the advancement of financial reform and innovation,The bank/securities/insurance/The business of trust industry such as permeable,Its financial products emerge,At the same time of meet the demand of diversified investment and financing,Also magnifies the financial investment and market risk.

　　“必须坚决把保护投资人的合法权益放在首要位置，切实强化投资人权益保护意识。”张育军认为，第一要建立完善合格投资人制度，财富管理行业一定要严格区分公募与私募，机构与个人，建立健全投资者适当性管理，对客户风险承受能力要进行认真地分析评价。

"Must be determined to protect the legitimate rights and interests of investors in the first place,To strengthen the awareness of protection of the rights and interests of investors."Mr Zhang thinks,First to establish and improve the system of qualified investors,The wealth management industry must strictly distinguish between public offerings and private equity,Organizations and individuals,Establish and improve the investors appropriate management,To the customer's risk to bear ability to analyse and evaluate carefully.

　　张育军同时强调，要加强和改进信息披露，增强各类投资产品的透明度，保障投资人的知情权。

Mr Zhang also emphasized,To strengthen and improve the information disclosure,Increase the transparency of all kinds of investment products,The investors' right to know.

　　在加强市场监管方面，一句话，放松管制与加强监管不可或缺，是一个硬币的两面，相辅相成，缺一不可，

To strengthen market regulation,A word,Deregulation and strengthen supervision is indispensable,Is a coin of two sides,Complement each other,Be short of one cannot,

　　“"一行三会"监管机构应当建立健全金融监管协调机制，推动监管标准和执法尺度的协调统一，避免监管套利，防范和守住行业的系统性和区域性风险的底线。”张育军说。

""A line of three will be"Regulators should establish and improve financial supervision coordination mechanism,The regulatory standards and the law of harmonious and unified,To avoid regulatory arbitrage,Guard against and hold industry of systemic and regional risk the bottom line."Mr Zhang said.

　　2012年“一行三会”各监管机构不约而同推出了一系列监管新政，降低投资门槛等。对于这些政策的出台，前银监会主席刘明康认为，有利于破除行政保护，降低跨越门槛，推动银行、保险 、信托、基金五大细分行业彼此延伸，进而促成大财富管理市场的日渐雏形。

In 2012,"A line of three will be"Regulators launched a series of regulatory policies,Reduce the investment threshold, etc.For these policies,Before liu mingkang said,To break the administrative protection,Lower threshold crossings,Push the Banks/insurance /The trust/Fund the five subdivision industry extended to each other,So big growing wealth management market.

　　2012年下半年，一系列的保险投资创新政策举措也先后出台，保监会副主席陈文辉2月28日在同一场合强调：“要尊重保险基金的规律，一定要根据业务性质来进行战略性的资产配置。”

In the second half of 2012,A series of insurance investment innovation policy measures also have issued,Circ Chen Wenhui, vice President of February 28, emphasize on the same occasion:"To respect the laws of the insurance fund,Must be according to the nature of the business for strategic asset allocation."