The asset management industry has developed in China for more than 20 years，and has now developed into an important financial sub-industry with a huge market volume. Looking back on 2021，with the goal of preventing and defusing financial risks，regulators are concerned about whether asset management companies operate in compliance with regulations and operate prudently，and have introduced a series of policies to encourage institutions to focus on main business operations and innovate disposal methods. These policies focus on important issues such as real estate business，local debt，affiliated transactions，and regional supervision，specify the normative requirements for disposal，investment，and operation，pay more attention to the essence，and combine institutional supervision with functional supervision. Through prudential supervision and behavioral supervision，consolidated supervision and penetrating supervision，the risks in the asset management industry have been comprehensively and continuously controlled.

Looking forward to 2022，the task of preventing financial risks is still arduous：risks faced by the real estate market，local financing platforms，and small financial institutions need to be dealt with in a timely manner. Under the requirements of “stable development” put forward by the Central Economic Working Conference，it is expected that regulatory policy will pursue a balance of “compliance and innovation”. To achieve this goal，it may be possible to build a regulatory system and ensure regulatory resources，Consolidate the supervision technology and optimize the supervision path. As the regulation of the asset management industry becomes clearer and more specific，asset management institutions will play a greater role in supporting the real economy and resolving financial risks.