公募基金践行长期主义，提升投研“硬实力”是关键

Group 1 - The core of investment research capability lies in "people," emphasizing the importance of talent development and long-term investment philosophy in the public fund industry [2][3][4] - The transition from scale-oriented to investor return-oriented strategies is highlighted by regulatory guidance, aiming to create long-term stable returns for investors [1][4] - The recent fee reform in public funds encourages adherence to long-term investment principles through optimized redemption fee mechanisms and sales service fee structures [1][4] Group 2 - A systematic mechanism for talent growth and effective transmission of investment philosophy is essential for the implementation of long-termism in public funds [2][3] - Investment teams are encouraged to break down research silos and collaborate across different fields to enhance comprehensive research and investment decision-making [3][6] - Long-term performance assessment and technology innovation are critical for empowering investment research, with a focus on process management and long-term performance metrics [4][5][6] Group 3 - The emphasis on long-term performance in fund manager assessments, with higher weight given to three and five-year performance metrics, aims to align fund managers' interests with those of investors [5][6] - The integration of financial technology into investment research processes is necessary to enhance efficiency and focus on long-term value discovery [5][6] - Continuous development of investment products that cater to long-term investor needs and reducing management fees are strategies to lower the long-term holding costs for investors [6]