中金基金：积极拥抱变革，推动高质量发展

Core Viewpoint - The China Securities Regulatory Commission has launched an action plan to promote the high-quality development of public funds, encouraging fund companies to enhance the scale and proportion of equity funds while aligning with investor interests [1][2]. Group 1: Industry Development - The action plan aims to improve the public fund industry by emphasizing the importance of performance benchmarks in product design and portfolio management [1]. - The asset management industry in China is evolving towards professional specialization, with a focus on clear positioning of public fund products such as passive indices and actively managed equity funds [1][2]. - Fund managers are encouraged to create a product system that offers long-term value and research-added value, catering to the wealth management needs of the public [1][3]. Group 2: Product Strategy - Fund managers should optimize product layouts in response to regulatory guidance, launching a series of active equity and quantitative index fund products that align with national development strategies [2]. - The industry is expected to see a shift towards products that are benchmarked, stable in style, and capable of generating excess returns, which will require new demands on research and risk management [2]. - Emphasizing long-term and value investing, fund managers are urged to conduct market research to better understand customer needs and contribute to the high-quality development of the public fund industry [3].