35万亿重磅，“长期”利好来了

Core Viewpoint - The public fund industry aims to provide long-term stable returns, which is essential for high-quality development and aligns with the broader goal of modernizing the socialist economy [1] Group 1: Integration of Long-termism into Investment Research - The China Securities Regulatory Commission issued the "Action Plan for Promoting High-Quality Development of Public Funds," emphasizing the need to strengthen core investment research capabilities [1] - Fund companies recognize that long-termism is crucial for sustainable development, and integrating investment research into a unified platform is key to translating this philosophy into practice [2] Group 2: Enhancing Long-term Performance Assessment - The "Action Plan" mandates the establishment of a performance assessment system centered on fund investment returns and the implementation of long-term assessment mechanisms [2] - E Fund has increased the weight of medium- to long-term performance in assessments to 80%, focusing on stability and investor profitability [2] - ICBC Credit Suisse Fund maintains over 80% weight on assessments longer than three years, guiding research personnel to focus on long-term value [2] Group 3: Improving Customer Service - Public funds are enhancing customer experience by developing suitable products, reducing fees, and providing comprehensive wealth management solutions [4] - E Fund has been proactive in lowering management fees and conducting extensive investor education to help clients maintain a long-term investment perspective [4] - ICBC Credit Suisse Fund has integrated investor rights protection into its core operations, creating a three-pronged service system to enhance investor engagement [4] Group 4: Empowering Long-term Sustainable Development with AI - The public fund industry is leveraging financial technology, particularly AI, to enhance all aspects of its operations [5] - E Fund has established a financial technology team to explore the integration of AI with asset management, aiming for long-term sustainable growth [5] - Southern Fund has incorporated "digital transformation" into its strategic core, enhancing investment performance and decision-making efficiency [5] Group 5: Strengthening Cultural Foundations - The industry emphasizes the importance of long-termism as a cultural cornerstone, as highlighted by the self-regulatory convention released by the China Securities Investment Fund Industry Association [9] - Companies like Invesco Great Wall Fund have embedded long-term investment principles into their operational philosophy, prioritizing steady growth over short-term gains [9] - E Fund's management emphasizes the need to instill a culture of long-termism within the organization, ensuring it becomes a lasting part of the company's identity [9] Group 6: Risk Management Enhancements - The risk management systems in the public fund industry are evolving from reactive to proactive approaches, utilizing advanced monitoring and predictive analytics [6] - FuGuo Fund has implemented over 400 monitoring indicators to provide real-time risk alerts across various operational areas [6] - Southern Fund has developed an integrated risk control module to swiftly respond to regulatory changes and client-specific requirements [6]