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尽管快速增长的趋势令人瞩目,但权威人士认为,2005年中国基金业存在产品结构单一、市场销售低迷、不当竞争加剧、行业出现分化等突出问题,这些问题如果不在2006年得到有效解决,基金业将难以积蓄力量,也难以奔放豪迈、刚劲挺拔的步伐前行。回顾2005年的中国基金业,整体发展平稳,但竞争非常激烈。先有银行系基金衔“玉”而生,后有上市公司股权分置改革应势而行,在这一年中,机遇与挑战一直伴随其中。比拼之下,银行系基金的发行规模分列年度股票基金发行前三名,同时,货币市场基金规模快速膨胀。 2005年,57只新基金首次发行的总规模为1002．84亿份,平均每只基金发行规模为17．59亿份。与此形成对比,2004年,55只基金募集1866亿份,平均规模为33．92亿份。以总规模计算,2005年国内基金发行缩水 46％。因此,2006年基金业发展依然存在隐患,基金市场的博弈将更为激烈。不过,中国证券业协会证券投资基金业委员会主任、广发基金董事长马庆采在预测2006年基金业发展时表示:“随着上市公司股权分置改革的完成,2006年,中国基金业将迎来崭新的一年,将面临更多的发展机会,同时也将带来更理想的回报。”马庆泉和中国证券业协会副会长兼秘书长聂庆平、银河证券基金研究与评价中心主任杜书明、前保银基金董事长郭伟等,近日应本刊之邀,详尽分析了中国基金业目前的状况及其所应采取的发展策略。
Although the trend of rapid growth is remarkable, authoritative sources believe that in 2005, there were prominent problems in the fund industry in China such as the single product structure, the sluggish market sales, the intensified improper competition and the industry’s differentiation. If these problems were not solved effectively in 2006, Industry will be difficult to accumulate strength, it is difficult to bold and bold, vigorous and vigorous pace of the move. Reviewing the 2005 Chinese fund industry, the overall development has been stable but competition is fierce. The first banking department of the Fund title “jade” born, after the split share structure reform of listed companies should be the trend line, in this year, opportunities and challenges have been with them. Under the competition, the issuance of bank-based funds is divided into the top three issuance of annual equity funds, meanwhile, the size of money-market funds is rapidly expanding. In 2005, 57 new funds were first issued in a total size of 100.284 billion copies, with an average of 1.759 billion copies per fund. In contrast, in 2004, 55 funds raised 186.6 billion shares, with an average size of 3.292 billion. Based on the total scale, domestic fund issuance shrank by 46% in 2005. Therefore, the development of the fund industry in 2006 still exists hidden dangers, the fund market will be more intense game. However, China Securities Industry Securities Investment Fund Industry Committee, Guangdong Development Fund Chairman Ma Qingsi predicts the development of the fund industry in 2006, said: “With the completion of share-holding reform of listed companies in 2006, China’s fund industry will usher in a new Year, will face more opportunities for development, but also will bring better returns. ”Ma Qingquan and vice president and secretary general of China Securities Industry Association Nie Qingping, director of Galaxy Securities Fund Research and Evaluation Center Du Shuming, the former security silver Guo Wei, chairman of the Fund, recently invited by this magazine, a detailed analysis of the current status of China’s fund industry and its development strategy should be taken.