Liu Qiang, vice governor of Shandong Province, said at the forum that wealth management is also financial risk management in essence. Wealth management institutions should improve the risk management and internal control system, cultivate an effective risk compliance culture, and change from selling products to enhancing customer value. On July 6th, 20 19 Qingdao China Fortune Forum opened. This is also the fifth forum held in Qingdao.

Liu Qiang, Vice Governor of Shandong Province, said at the forum: In the past five years, with the support and guidance of the national financial management department, Qingdao Wealth Management Financial Comprehensive Reform Experimental Zone has issued a number of wealth management policies and systems with demonstration effect, gathered a number of professional wealth management institutions, formed a multi-level talent training system for basic research on wealth management, improved the comprehensive service function of wealth management center cities, and initially established a wealth management open cooperation system.

Promote the growth and aggregation of new economic kinetic energy through financial markets.

The progress made in the construction of the pilot zone for comprehensive reform of wealth management and finance has effectively promoted the healthy development of Qingdao's financial industry, thus promoting the high-quality growth of Qingdao's economy.

Liu Qiang introduced that in the past five years, the added value of Qingdao's financial industry accounted for 0.8 percentage points of the regional GDP, and the tax revenue of the financial industry increased by 57%. The number of enterprises listed on the main board and the New Third Board reached 129. The city's per capita GDP increased by 43%, fiscal revenue increased by 39%, and per capita disposable income of residents increased by more than 20%. It should be said that the construction of the comprehensive reform pilot area has achieved remarkable results. Two principles should be grasped in the next construction of experimental area.

The first principle is that the construction of the comprehensive reform pilot zone should aim at promoting the development of the real economy.

Liu Qiang said that in a broad sense, wealth is the result of savings accumulation. The wealth level of enterprises and residents plays a powerful role in capital formation, the impact on investment rate and long-term economic growth.

How to make the wealth accumulated by enterprises and residents better promote the growth and aggregation of new economic kinetic energy through the transfer of financial markets and financial instruments; On the other hand, the growth of new economic kinetic energy further promotes the growth of wealth level, which is an important aspect that needs to be firmly grasped in the next step.

The second principle is that risk prevention and control and optimization of financial relations should be placed in an important position in the construction of the experimental area. This is because in the process of realizing the transformation of wealth value form and the preservation and appreciation of wealth through financial products and financial markets, risks will inevitably occur.

Wealth management is essentially financial risk management.

Liu Qiang said that wealth management is also financial risk management in essence. In this regard, through the construction of the pilot area, first of all, wealth management institutions, that is, financial institutions, should improve their risk management and internal control systems and cultivate an effective risk compliance culture, especially in providing financial products, which must be simple and transparent and fully reveal risks.

Liu Qiang emphasized that wealth management institutions should change from selling products to enhancing customer value. "/kloc-More than 0/50 years ago, there was a sentence in the guidance letter from the US monetary regulator to the employees at that time,' We should handle the banking business on the principles of simplicity, clarity, honesty and legality, abide by the provisions of the national currency bill, do the right thing, and never be tempted by the possible high profits.' I believe that 150 years have passed, but this sentence still has a strong reference and guiding significance for the current financial industry. "

Secondly, financial supervision departments should strengthen the coordination of unified supervision, especially the central financial management department and local financial supervision departments should form the coordination of supervision to avoid the blind spot of supervision.

Based on this, it is necessary to further strengthen the territorial responsibility of risk disposal in accordance with the requirements of the central government. At present, in the work of risk prevention and control and optimizing the financial ecological environment, one of the key points is to crack down on illegal fund-raising. Illegal fund-raising is basically under the guise of financial management, and they are all "wolves in sheep's clothing", so it is necessary to combine combating financial crimes with maintaining social stability. Financial supervision departments and local governments should jointly do a good job in investor education and consumer rights protection.