回归行业本源 共谱公募生态新篇

Core Viewpoint - The public fund industry is transitioning from scale-driven growth to value-driven high-quality development, influenced by global asset management adjustments and domestic capital market reforms [1][2][3] Group 1: Industry Transformation - The core competitiveness of public funds lies in their ability to balance long-term investor returns, optimize capital market resource allocation, and support national strategic implementation [1][2] - Long-termism is essential for value creation, as public funds should focus on capturing long-term benefits from economic transformation and industrial upgrades, distancing themselves from short-term speculation [2][3] - A trust-based benefit-sharing mechanism is crucial for rebuilding trust, requiring alignment of management fees with performance and long-term investor returns [2][3] Group 2: Professional Value and Capability Upgrade - The professional value of public funds encompasses asset allocation, risk control, and guiding investor cognition, addressing the challenges faced by ordinary investors [3][4] - Upgrading capabilities involves transforming service models from product-centric to investor-centric, focusing on long-term cognitive empowerment and rational return expectations [4][5] - The research and investment capabilities must evolve from short-term asset selection to a comprehensive system that balances risk and return across various market conditions [5][6] Group 3: Building a Healthy Ecosystem - Compliance is fundamental for balancing risk and value, ensuring transparency in product design, fee structures, and information disclosure [6][7] - A culture of long-termism, professional integrity, and prioritizing investor interests is essential for fostering a shared value consensus within the industry [6][7] - Collaboration among industry players is necessary to shift from zero-sum competition to a value-driven ecosystem, enhancing the overall quality of public funds [7]