Judging from the current trend, the transformation direction of commercial banks' wealth management business embodies the following eight characteristics: ① the return from deposit-based wealth management to real valet wealth management; ② The scope of financial services has changed from single financial services to comprehensive wealth management; ③ The form of wealth management products has changed from expected income type to net income type; ④ The type of financial investment has changed from creditor's rights to equity; ⑤ The scope of financial investment has changed from onshore to offshore and onshore; ⑥ Financial investment strategy changes from passive portfolio to active portfolio, and from holding assets to trading assets; ⑦ Change from static liquidity management to dynamic liquidity management; ⑧ The risk control of wealth management business has changed from credit mode to comprehensive mode.