In 2018，the operating performance of securities industry declined and the diversified business structures was further cemented，this is mainly affected by the adjustment of stock market. The assets under the management of fund industry remain generally stable，the income from management fees increases steadily，and the development model led by private funds is further confirmed. In 2019，the operation of the securities industry and fund industry give expression to the pro-cyclical characteristics as before. The market and regulatory policies will still maintain a strong influence on the industry management. The long-term potential development of the industry depends on the cultivation and formation of core competitiveness.