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CWM Open Class was Successfully Held

Source:   Updated :2018/08/28    Hits:

On the morning of August 19, CWM Open Class, sponsored by SUFE Qingdao Wealth Management Institute (QWMI) and the Chartered Institute for Securities & Investment (CISI), was held at Himalayas Hotel. Cao Xiao, professor and doctoral advisor at School of Finance, SUFE, was invited to give a speech entitled “the Influence of New Regulations of Asset Management on Wealth Management Industry”. More than 110 senior managers and white-collar workers in banking, securities and wealth management industry participated in this event.

In the beginning, Xie Linli, director of the CEE Center of SUFE QWMI, delivered a speech. She introduced the background, content and course characteristics of the High-end Talent Cultivation Program of CWM (International Wealth Management Qualification Authentication), and presented a detailed introduction about the development history, certification system, membership system, mission and responsibility of CISI. “In 2014, Qingdao was approved by the State Council to be a Wealth Management Comprehensive Financial Reform Pilot Zone. I believed that, by virtue of the profound influence of CISI in international qualification authentication and the academic heritage of hundred-year-old SUFE, the CWM Program is bound to foster more and more top-notch international professionals and elites of wealth management for Qingdao city. ”

In the following keynotes, Professor Cao Xiao, who has over 10-year experience in wealth management and financial planning industry, analyzed and predicted the impact that new regulations of asset management has imposed on wealth management industry. He said that the new regulations mainly focus on three aspects: technology, structure and system. System matters more than technology while structure matters more than scale. The most important purpose of the new regulations is to strike a balance between efficiency of financial innovation and the control of the systematic risk.


“Generally, the new regulations will greatly influence the structure of China’s financial system, lower the status of commercial banks to some extent,  and facilitate the development of capital market.” Professor Cao predicted that in the future, the financial innovations, which conform to the national policy guidance, financing demands of real economy and the requirements of family investment while having controllable internal risks would acquire encouragement and support from the related supervisory authorities.

Later, centering on specific questions proposed by the guests, Professor Cao interacted and communicated with the audience on site. The event was successfully completed in bursts of applause.


Professor Cao, expert of America RFP China Management Center, is dedicated to research on financial system and behaviors, corporate governance, investor protection, financial supervision theory and policy, etc. He has provided consulting and subject study services for many government agencies, including People's Bank of China, the Ministry of Finance and Shanghai Municipal Government, and has been hired as a special commentator by Oriental Business, Securities Daily, China News Weekly and many other media.