全球配置需求攀升 长城基金曲少杰：公募基金迎国际化新机遇

Group 1 - The evolution of public funds from "domestic" to "overseas" is driven by the deepening of domestic capital market openness, the maturity of the industry ecosystem, and the upgrading of investor demand [2] - The increasing accumulation of resident wealth and the maturation of asset allocation concepts will continue to drive the demand for diversified cross-market and multi-category asset allocation [2][3] - The QDII (Qualified Domestic Institutional Investor) business of public funds has developed rapidly, with a continuous enrichment of product types and a more comprehensive coverage of investor needs [3] Group 2 - Chinese public funds possess unique advantages in cross-border investment, including a wealth of investment targets due to numerous Chinese companies listed overseas and the ability to capture global industry trends [4] - China’s position as a "world factory" and "innovation hub" allows public funds to leverage a complete industrial chain [4] - The value investment philosophy and a strong reserve of research talent in domestic public funds help maintain a high level of international investment standards [4] Group 3 - To enhance overseas investment capabilities, public funds should strengthen international research collaboration and actively engage with overseas research institutions for more refined research and closer company tracking and analysis [5] - The main obstacles to overseas investment are more related to investors' cognition and experience rather than the overseas markets themselves [5] - Public funds need to guide investors in changing their perspectives, expanding their global allocation vision, and improving transparency while offering fund products that cater to different risk preferences [5]