The asset management market in 2021 is a year of deepening innovation and reform，with gradual achievements in industry transformation and great progress in bank net worth transformation；new policies such as public REITs and the third pillar pension products have been introduced continuously，bringing continuous innovation vitality to the industry. The total scale of the asset management industry continues to grow，but from the perspective of the internal competition pattern of the industry，various asset management businesses continue to differentiate in the process of gradually implementing the new asset management regulations. Looking forward to 2022，the asset management industry is facing not only the challenges of complex and changeable development environment，persistent risk prevention and continuous acceleration of two-level differentiation，but also the development opportunities of new regulations and new era of asset management，new stage of asset management industry，new changes in high-quality development and new climate of capital market. On the whole，the industry has entered a period of rapid development，with increasingly diversified products and great development of equity and standardized products；the buyer’s investment adviser drives the business model upgrade to realize the deep binding of customer value.