The regulatory policy of asset management market in 2020 mainly reflects the regulatory ideas of stabilizing finance and preventing systemic financial risks under the impact of the epidemic. Due to the high prosperity of the capital market，the scale of various asset management products has increased rapidly，far exceeding the growth level in 2019. The performance of asset management products has gradually declined from an abnormally high level in the early stage under the requirements of de channeling，de nesting and strictly prohibiting fund pooling. Looking forward to 2021，product net worth will still be the mainstream direction of the development of asset management industry；Internet will be an important part of channel construction；science and technology will run through the development of front，middle and back office businesses and continue to empower the asset management industry；domestic asset management industry and global advanced asset management institutions compete and cooperate，with both competition and development opportunities.