In the China Financial Stability Report (2017), the Central Bank of China analyzes the risk of asset management business. First, there is liquidity risk in the cash pool; second, multi-layer nesting leads to risk transmission; third, the shadow bank faces inadequacy in regulation; fourth, bailing-out causes the risk to remain in the financial system; fifth, some of the non-financial institutions carry out asset management business disorderly. This is a "physical examination" of the asset management business, and the next step will be rectifying and standardizing the system, which will be a clean-up action in the local financial market and this would provide a demonstrative example for other financial sectors.