Mazars released the "Asset Management Industry Analysis Report – private equity management"

Mazars has released the "Asset Management Industry Analysis Report – private equity management". This report explores various facets of the development history and future trends of China's private equity management, including an overview of the asset management industry, the filing and adoption of private equity management products, the stock of private equity management products and private equity management institutions. Additionally, it offers practical advice and strategies for navigating these areas effectively.

Chinese financial institutions embarked on asset management ventures in the late 1990s. Despite their late entry, they swiftly gained momentum. The journey involved stages of initial exploration, accelerated growth, transformation, and high-quality development. Over three decades, a competitive landscape has evolved, comprising banks, insurance firms, securities corporations, public and private funds, trust companies and futures companies.

The asset management industry has experienced consistent growth since the "New Asset Management Regulations" were implemented in 2018. It is projected that by the end of 2023, the industry could surpass 120 trillion yuan. This includes public funds at 27.60 trillion yuan, bank wealth management products at 26.80 trillion yuan, and private equity fund products at 20.58 trillion yuan. Additionally, non-public asset management products are estimated to reach around 19 trillion yuan, trust plans are projected at approximately 17 trillion yuan, and insurance company asset management products are anticipated to be around 9 trillion yuan.

The private equity management industry is facing a brand new transformation and development. 2017's "de-channeling" policy and 2018's "new regulations on asset management" have brought profound impacts on the whole industry, making the stock scale of private equity management products drop from 33.46 trillion yuan at the end of 2016 to 12.41 trillion yuan at the end of 2023. Against this background, private equity management institutions are continuing to explore the way of high-quality development in the direction of active management transformation and layout of the public placement track.

Looking ahead, private equity management business will continue to change and innovate in the new regulatory environment. All types of institutions need to comply with regulatory policies while making full use of their respective strengths and actively seeking the direction of high-quality development to meet the needs of investors. With the increasing improvement of regulatory policies and the continuous optimization of the market environment, the future of private equity management business is full of challenges and opportunities.

Mazars Financial Services consists of an integrated team offering high-quality services in audit, accounting & outsourcing, and tax services to clients in the asset management, banking, insurance, and real estate sectors. With a deep understanding of the unique challenges and attributes of each sector, we offer tailored and insightful solutions. If you have any related business needs, please feel free to contact Mazars Financial Services.