Institutions that can engage in asset management business in China include

Institutions that can engage in asset management business in China include fund management companies and their subsidiaries, private equity institutions, trust companies, securities asset management companies, futures asset management companies, insurance companies, insurance asset management companies and commercial banks.

Fund management companies and trust companies are the traditional asset management industry in China. With the continuous accumulation of personal wealth of Chinese residents, financial institutions such as banks, securities and insurance companies have been carrying out asset management business, and fund management companies and trust companies are the types of institutions that can engage in asset management business in China.

Asset management business refers to the securities, futures, funds and other financial investment companies as asset managers, according to the way, conditions, requirements and restrictions agreed in the asset management contract, the operation of the customer's assets, to provide customers with securities and other financial products investment management services.

In addition to securities companies, fund companies, trust companies, and asset management companies, there are also third-party wealth management companies that are able to engage in the asset management business. In a sense, third-party wealth management companies are expanding and positioning themselves in the asset management market in a way that is somewhat similar to today's private equity funds.

Bundling of expert financial management and flexible cooperation terms is a breakthrough to open the asset management market. Third-party wealth management companies such as Noah's Wealth, Yinji Asset, and Leader Wealth are all examples of such third-party wealth management companies.

The essence of asset management is specifically expressed as follows:

(1) All asset management activities require that risk and return be matched.

(2) the manager must adhere to the "seller has the responsibility". Managers are entrusted by people, must be loyal to people, and always adhere to the principle of "the interests of investors first".

(3) investors must do "buyer bears responsibility". Investors bear the ultimate return and risk, there is no guaranteed return and other "rigid payment".