在中国经济体系走向新常态的大背景下，在中国金融市场的双向开放趋势下，在“放松管制、加强监管”的政策导向下，2014年资产管理行业继续保持快速发展，以证券投资基金业为例，公募业务规模已达4。54万亿元。然而，新常态下的资管行业呈现出新的态势：市场化监管与市场化竞争并行推进、电子化交易日趋显著、产品体系日益完整、养老金制度日趋完善。2015年，伴随着改革红利的进一步释放及顶层设计的进一步完善，行业竞争将更为激烈，资产管理机构将在专业化抑或多元化的路径选择上做出取舍。
Together with policies orienting for a mature financial market with less controls and more regulations，the asset management industry maintained a high growth rate in 2014. For instance，public funds have already reached 4.54 trillion yuan. However，the asset management industry appeared several specific features under the “new normal” environment，including the trend of electronic trading，multiple financial product lines，an improved pension system，and more market supervisions together with fierce market competition. In 2015，the competition will persistent as the effectiveness of reforms gradually be released and the top design moves on. As a result，asset management institutions have to make trade-offs between specialization and diversification.
| Keywords： | Financial ProductsPrivate EquityAsset ManagementSecurities Investment FundAggregate Asset Management |
