“三投资”方法论 | 银行理财篇一 以稳健投资穿越周期，提升投资者获得感

Core Viewpoint - The article emphasizes the importance of promoting long-term capital into the market to support technological innovation, industrial upgrades, and high-quality development, while also addressing the need for stable investment returns and enhancing investor satisfaction [1] Group 1: Investment Philosophy - The "Three Investments" philosophy (rational, value, and long-term investment) is seen as a dual opportunity for the development of both the capital market and the wealth management industry [2] - Rational investment helps to stabilize irrational market fluctuations, while value investment optimizes resource allocation and enhances market effectiveness [2] - Long-term investment strengthens market resilience and stabilizes market expectations, creating a positive cycle between stable capital allocation, value creation, and industrial development [2][3] Group 2: Market Participation and Growth - As of the first quarter of 2025, the wealth management market had 40,600 existing products with a total scale of 29.14 trillion yuan, with wealth management company products accounting for 88.33% of the market [3] - The wealth management sector is actively participating in the capital market, responding to national guidance and market changes, and is focused on transforming and achieving high-quality development [2][3] - The positive role of wealth management funds in implementing the "Three Investments" philosophy includes optimizing market participant structure, promoting a virtuous cycle between funds and the real economy, and driving product innovation [3] Group 3: Enhancing Investor Experience - The new "National Nine Articles" requires asset management institutions to improve their research and product innovation capabilities, emphasizing the importance of investor returns [4] - Wealth management products differ from public funds in that they focus on stable investment and absolute returns, utilizing diverse allocations to reduce return volatility [4][5] - To enhance investor satisfaction, wealth management companies must return to their core principles and balance functionality with profitability [5] Group 4: Risk Management and Compliance - Strengthening risk management and compliance is crucial for sustainable development, guided by regulations such as the internal control management measures issued by the former CBIRC [5] - Wealth management companies are encouraged to adopt a structured approach to investment strategies, ensuring stability and consistency throughout the product lifecycle [6] Group 5: Investment Tools and Strategies - ETFs are highlighted as a suitable investment tool for wealth management companies aiming for stable and absolute returns, providing transparency and more options for retail investors [7]