经过几年突飞猛进的发展,基金子公司业务规模已经超过传统的公募基金总量。但在监管政策的限制下,基金子公司所赖以发展的“创新业务”却越走越窄。随着资产配置荒的出现,二级市场波动加剧,赚钱效应日下,子公司业务俨然成了母公司的新痛点。 After several years of rapid development, the size of the fund subsidiaries has exceeded the traditional total amount of public funds. However, under the restriction of regulatory policies, the “innovative businesses” that fund subsidiaries depend on have become narrower and narrower. With the emergence of a shortage of asset allocation, the secondary market has become increasingly volatile and the profit-making effect has become a new pain point for the parent company.