华泰柏瑞基金副总田汉卿退休，十年量化深耕奠定指数投资基石

Core Viewpoint - The public fund industry is entering a new phase of standardization and efficiency with the recent reduction in index usage fees, which is seen as a timely opportunity to enhance inclusive finance [1][11]. Company Summary - Tian Hanqing, a key figure in quantitative investment at Huatai-PB Fund Management, retired on April 28, 2025, after over 11 years of experience in fund management, including significant contributions to the development of quantitative investment strategies [3][5]. - Under Tian's leadership, Huatai-PB Fund launched its first enhanced index product in August 2013, which significantly outperformed the benchmark index, achieving a return of 204.82% compared to the benchmark's 68.42% [5][11]. - The company has seen a decline in the management scale of its quantitative enhanced fund from a peak of 67.51 billion yuan in Q3 2017 to 11.62 billion yuan by Q3 2021, a drop of over 80% [7][11]. Industry Summary - The public fund industry is experiencing a fee reform, with index usage fees being lowered, which is expected to reduce operational costs for fund companies significantly [11]. - Huatai-PB Fund is one of the major beneficiaries of this fee reduction, potentially saving over 20 million yuan annually on index usage fees for its Huatai-PB CSI 300 ETF, which has a management scale of 373.6 billion yuan [11][13]. - The recent changes in fee structures are anticipated to lead the public fund industry towards a more standardized, efficient, and inclusive future [1][11].